Great Places Housing Group Limited Great Places and MSV have ended merger discussions (6172M)
15 Setembro 2023 - 6:00AM
UK Regulatory
TIDM15HG
RNS Number : 6172M
Great Places Housing Group Limited
15 September 2023
Great Places Housing Group Limited (the Issuer)
GBP345,000,000 4.75 per cent Secured Bonds due October 2042
(ISIN number XS0842152281)
GREAT PLACES AND MSV HAVE ENDED MERGER DISCUSSIONS
Date 15(th) September 2023
Great Places Housing Group Limited and MSV Housing Group Limited
have regretfully ended discussions to join together in a merger by
Transfer of Engagements.
The operating environment has thrown up many unanticipated
challenges since both organisations began talks. Last week, it was
announced that it was sensible to take some additional time to
review the recommendations made during the due diligence process in
more detail. This has caused our Boards to reflect on the business
case for merger.
As a result we will continue working collaboratively (on
projects like Hive Homes) and as partners within the Greater
Manchester Housing Partnership rather than join together as one
organisation.
Both Great Places and MSV would like to thank customers,
colleagues and stakeholders for their ongoing support. Both
organisations are well placed to continue to serve our customers
and communities, invest in existing and new homes and we will
continue to work together as long-standing partners as we look to
the future.
Matt Harrison will remain as Chief Executive of Great
Places.
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END
UPDLAMPTMTABMRJ
(END) Dow Jones Newswires
September 15, 2023 05:00 ET (09:00 GMT)
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