Source - RNS
RNS Number : 9098L
Boston Mayflower Finance PLC
06 October 2016
 

Statement from Boston Mayflower  


Boston Mayflower Finance PLC
6 October 2016

Boston Mayflower and Shoreline Housing in early merger discussions 



The Boards of Boston Mayflower Limited and Shoreline Housing Partnership Limited hereby announce that they are in very early stage discussions in relation to a possible merger.

The two organisations want to be more efficient and to be able to build more homes, strengthen services, and have greater influence on regional housing policy and provision.  We will be exploring whether combining our strengths and experience will mean we are better placed and more resilient to address future changes than either of us would be alone.  The proposed new Group will own over 12,700 properties.

 

Boston Mayflower's lenders and investors play a key role in the continued financial strength of Boston Mayflower, as well as any future growth plans and will continue to be key partners for Boston Mayflower whether or not these early stage discussions progress further.

We aim to complete the necessary work to allow both Boards to reach an in-principle decision by the end of December 2016.

 


For further information please contact:

Louisa Clarke, Director of Finance, Boston Mayflower Limited on:

[email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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