TIDM56TE
RNS Number : 3287O
Sovereign Housing Capital Plc
02 October 2023
Sovereign Housing Association Limited
Press Statement - 2 October 2023
Sovereign and Network Homes merge to form SNG
Yesterday, on Sunday 1 October 2023 Sovereign and Network Homes
merged to form SNG (Sovereign Network Group). The proposed merger
was announced on Monday 13 March 2023 and the final business case
was approved by Sovereign and Network Homes' respective boards on
Thursday 7 September 2023.
The organisation has over 82,000 homes, and over 210,000
customers across London, Hertfordshire, and the south of
England.
Mark Washer is the Chief Executive Officer of SNG and Helen
Evans the Deputy Chief Executive. Paul Massara is the Chair and Jon
Gooding the Deputy Chair.
Speaking today Mark Washer said:
"This is an important moment for SNG, but we are now absolutely
focussed on delivering the benefits for our customers, and future
customers. Our combined strength gives us the opportunity to remain
ambitious in our plans to create more homes, and more sustainable
homes that people can love living in over many generations. This
commitment to our environment and enabling wider social success
within our communities is built into SNG from the very start."
An Executive Board will lead the business. Reporting to Mark
Washer are Helen Evans who will become the organisation's Deputy
Chief Executive, Jamie Ratcliff, the Chief Communities and
Sustainability Officer, Kevin Ives the Chief Information Officer,
Nicole Sharp the Chief Customer Officer, Peter Benz as Chief
Financial Officer, Sally Hyndman who is the Chief People and
Transformation Officer and Tom Titherington, the Chief Investment
and Development Officer.
To enable SNG to deliver a smooth service to residents and
continue to build affordable homes through existing projects, David
Gooch will report to Helen Evans as Executive Director for
Development (London and Hertfordshire). Gerry Doherty will also
report to Helen Evans as the Executive Director of Operations
(London and Hertfordshire).
For further information, head to the following webpage:
https://www.sng.org.uk/
ENDS
For more information, please contact:
Graeme Gilbert, Treasury Director, Sovereign Housing Association
07392130856 Graeme.Gilbert@Sovereign.org.uk
James Mclarin, Head of External Affairs, Sovereign Housing
Association
07776616024 James.Mclarin@sovereign.org.uk
Disclaimer
The information contained herein (the "Trading Update") has been
prepared by Sovereign Housing Association Limited (the "Parent")
and its subsidiaries (the "Group"), including Sovereign Advances
Ltd, Sovereign Housing Capital PLC (the "Issuers") and is for
information purposes only.
The Trading Update should not be construed as an offer or
solicitation to buy or sell any securities issued by the Parent,
the Issuers or any other member of the Group, or any interest in
any such securities, and nothing herein should be construed as a
recommendation or advice to invest in any such securities.
Statements in the Trading Update, including those regarding
possible or assumed future or other performance of the Group as a
whole or any member of it, industry growth or other trend
projections may constitute forward-looking statements and as such
involve risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
expressed or implied by such forward-looking statements.
Accordingly, no assurance is given that such forward-looking
statements will prove to have been correct. They speak only as at
the date of the Trading Update and neither the Parent nor any other
member of the Group undertakes any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future developments, occurrence of unanticipated
events or otherwise.
None of the Parent, any member of the Group or anyone else is
under any obligation to update or keep current the information
contained in the Trading Update. The information in the Trading
Update is subject to verification, does not purport to be
comprehensive, is provided as at the date of the Trading Update and
is subject to change without notice.
No reliance should be placed on the information or any
projections, targets, estimates or forecasts and nothing in the
Trading Update is or should be relied on as a promise or
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is intended to be an estimate or forecast. No representation or
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Parent, any other member of the Group or any of their respective
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persons as to the accuracy or validity of the information or
opinions contained in the Trading Update (and whether any
information has been omitted from the Trading Update). The Trading
Update does not constitute legal, tax, accounting or investment
advice.
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END
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