LONDON - Longhurst Group and Grand Union Housing Group have completed their merger, forming a new entity named Amplius Living, it was announced today. The merger, which involved a Transfer of Engagements from Longhurst to Grand Union, received the necessary approvals from the boards of both organizations as well as all required lender consents.
As a result of the merger, the trading name for Grand Union has been changed to Amplius as of today, with the legally registered name being Amplius Living. The registered office is located at K2, Timbold Drive, Kents Hill, Milton Keynes, MK7 6BZ. Amplius Living is now registered as a charitable housing association and community benefit society in England, maintaining its commitment to social housing.
The completion of the merger also affects the financial instruments of the organizations. Libra (Longhurst Group) Treasury PLC and Libra (Longhurst Group) Treasury No 2 PLC, along with Grand Union Group Funding PLC, have previously issued secured bonds due in 2038, 2043, and 2043, respectively, with different interest rates. The ISINs for these bonds are as follows: XS0806873385, XS1817419705, and XS0996528617.
The merger of these housing associations is a significant event in the social housing sector, indicating a consolidation aimed at creating a larger and potentially more efficient organization. Amplius Living, now a larger entity, is expected to leverage the combined resources to better serve its community and stakeholders.
This information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG). The Financial Conduct Authority has approved RNS as a Primary Information Provider in the United Kingdom (TADAWUL:4280). Terms and conditions relating to the use and distribution of this information may apply.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.