Aster Treasury PLC Aster Group in early partnership talks (4420U)
01 Agosto 2022 - 7:50AM
UK Regulatory
TIDM42RJ
RNS Number : 4420U
Aster Treasury PLC
01 August 2022
Aster Treasury Plc
RNS No: 4420U
1 August 2022
Aster Group plans merger with Disability charity Enham Trust
Aster Group and disability charity, Enham Trust have today
announced they are in early talks for Enham Trust to join Aster
Group, subject to consultation and final approval in the
autumn.
Aster Group, headquartered in Wiltshire, is a not-for-dividend
housing association with over 35,000 homes, 1,720 employees and a
turnover of GBP240.9 million. It serves customers across the south
of England.
Enham Trust based in Andover, Hampshire is a disability charity
that supports disabled people to live and work as independently as
possible. Enham Trust owns 300+ homes including those for social
rent, supported living and residential care services.
The partnership would increase Aster's net assets by GBP5m to
GBP894m based on the most recent audited financial statements of
each entity.
ENDS
For more information contact:
Chris Benn, chief financial officer - chris.benn@aster.co.uk
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END
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August 01, 2022 06:50 ET (10:50 GMT)
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