51GC Affinity Sut.38

TIDM51GC

RNS Number : 3303L

Affinity Sutton Capital Markets PLC

30 September 2016

Merger Update - 30(th) September 2016

The proposed merger between Affinity Sutton Group and Circle Housing Group has received conditional regulatory approval from the Homes and Communities Agency (HCA), subject to the passing of a resolution for a transfer of engagements and to obtaining all necessary lenders' consents. Legal completion will now take place as soon as practicably possible.

The name of the new merged organisation will be Clarion Group, and will include a newly formed commercial company - Latimer, which will lead on the Group's housebuilding programme. The individual housing associations will continue to operate until a later date.

For more information please contact Lucy Pond: 0207 378 5555 / lucy.pond@affinitysutton.com

This information is provided by RNS

The company news service from the London Stock Exchange

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September 30, 2016 05:00 ET (09:00 GMT)

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