TIDM94DD

RNS Number : 6026B

Catalyst Housing Limited

24 September 2018

Catalyst Housing Limited

Formal merger discussions

Catalyst Housing Limited and Aldwyck Housing Group in formal merger discussions

Catalyst Housing Limited and Aldwyck Housing Group have today confirmed that they are in formal talks about joining together to form a group with 30,000 homes across London and the South East.

The Boards considered that their shared strong ethos for governance (both rated G1 by the regulator), shared geography, and other synergies could provide real benefits in terms of delivering excellent customer service, improved development opportunities and securing long term financial robustness.

The news follows Catalyst's recent announcement that Ian McDermott will be replacing Rod Cahill as Chief Executive. Ian is currently Chief Executive at Aldwyck and joins Catalyst in January 2019.

Discussions will continue and, if approved by both Boards, a new structure is expected to be formed during 2019.

Catalyst recognises the important contribution by lenders and investors in supporting the long-term financial strength and stability of the organisation, and will continue to work closely with all key partners regardless of the final outcome of discussions.

For further questions or enquiries on this announcement, please contact:

Michaela Booth

Director of Corporate Finance

michaela.booth@chg.org.uk

Mob: 07834106257

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

AGRLLFVSAFILFIT

(END) Dow Jones Newswires

September 24, 2018 05:15 ET (09:15 GMT)

Catalyst Hou 47 (LSE:94DD)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024 Click aqui para mais gráficos Catalyst Hou 47.
Catalyst Hou 47 (LSE:94DD)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024 Click aqui para mais gráficos Catalyst Hou 47.