Octavia to join Abri as a subsidiary

Radian Capital plc

18 October 2024

 

Radian Capital PLC

18 October 2024

Octavia to join Abri as a subsidiary

Radian Capital Plc (the Issuer)

£100,000,000 6 per cent. Secured Bonds due 2042;

£100,000,000 4.622 per cent. Secured Bonds due 2044; and

£200,000,000 5.029 per cent. Secured Bonds due 2049

(the Bonds)

The boards of Abri Group Limited (Abri) and Octavia Housing (Octavia) have approved proposals for Octavia to become a wholly owned subsidiary of Abri.

The target date for formal completion is by the end of December, subject to Octavia shareholder approval and lender consents.

Discussions about a potential partnership were first announced in November 2023.

For further information, please contact:

Vimal Gaglani

Radian Capital PLC

Collins House

Bishopstoke Road

Eastleigh

Hampshire

SO50 6AD

Email: [e-mail]    

 

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