TIDMMCAP
RNS Number : 4328K
Retail Charity Bonds PLC
16 April 2015
Early Closure Announcement
The information contained herein may only be released, published
or distributed in the United Kingdom, the Isle of Man, Jersey and
the Bailiwick of Guernsey in accordance with applicable regulatory
requirements. The information contained herein is not for release,
publication or distribution in or into the United States,
Australia, Canada, Japan, South Africa, the Republic of Ireland or
in any other jurisdiction where it is unlawful to distribute this
document. The bonds referred to below may only be sold in Jersey in
compliance with the provisions of the Control of Borrowing (Jersey)
Order 1958 and the Financial Services (Jersey) Law 1998, as
amended.
Hightown Praetorian & Churches Housing Association Retail
Charity Bond 4.40% due 2025 (the "Bonds")
On 31st March 2015, Retail Charity Bonds PLC announced an offer
of the Bonds. This announcement confirms that the Offer Period will
close at 12 noon (London time) on 17th April 2015 (the End of Offer
Date), such date and time being earlier than the originally
scheduled end to the Offer Period which was at 12 noon (London
time) on 27th April 2015.
Retail Charity Bonds PLC will release its announcement
constituting the Issue Size Announcement as referred to in the
Prospectus dated 31st March 2015 at a time and a date shortly after
the End of Offer Date.
Defined terms used herein shall have the meanings attributed to
them in the Prospectus dated 31st March 2015 in relation to the
Bonds.
-Ends-
_________________________________________________________________________
For enquiries please contact:
Word Association Tel: +44 (0)14
Mark Thomas 5561 4333
Canaccord Genuity Tel: +44 (0)20
Adrian Bell 7523 8000
Henrietta Podd
Duncan Salter
About Hightown Praetorian & Churches Housing Association
Hightown Praetorian & Churches Housing Association Limited
is a charity incorporated in 1967. It is the result of a number of
mergers of Hertfordshire housing associations which had been formed
in the late 1960s and early 1970s to help address the homeless and
affordable housing problems of that era - problems that had been
highlighted by the 'Cathy Come Home' television play.
Hightown has grown considerably since 2003, largely as a result
of an active, new build development programme.
The Charity operates in Hertfordshire, Buckinghamshire and
Bedfordshire with its head office located in Hemel Hempstead.
It manages over 4,400 homes and employs about 600 full and part
time staff. As at 31 March 2014, the Charity had an annual turnover
of GBP45 million and assets of GBP398 million.
The Charity has three main activities:
-- it is a social landlord managing over 4,400 units of housing
of which approximately 2,602 are affordable homes for rent, 667 are
supported housing units, 598 are homes for shared ownership and 566
are leasehold homes,
-- a provider of housing and support to people with support
needs including people with learning disabilities and mental health
problems, young people and homeless people (approximately 860
clients and 10,000 hours of support a week), and
-- a developer of new affordable housing at a rate of approximately 300 new homes a year.
The Charity's revenue is mostly generated by the provision of
social housing and specialist landlord services including:
-- Rental revenues from General Needs, Supported Housing and
Care & Nursing Homes, which account for approximately 72% of
the revenue, and
-- Shared Ownership Rental, Staircasing and Sales for
approximately a further 26% of the revenue, and
-- The remaining 2% includes Management Services and Charity Shop Revenues.
About Retail Charity Bonds
Retail Charity Bonds is a platform that issues retail eligible
bonds for UK charities. It is an initiative of Allia, a UK charity
and social investment specialist, and established in association
with Canaccord Genuity.
Retail Charity Bonds PLC is a public limited company; it was
established as a special purpose issuing vehicle but is not itself
a charity. It is governed by an independent and experienced board
of directors from the financial and charity sectors who are acting
on a pro-bono basis.
The platform is also supported by a range of patrons, including
Cabinet Office, Allen & Overy, Bank of New York Mellon, Bell
Pottinger, Berwin Leighton Paisner, Big Society Capital,
Ecclesiastical Investment Management, Linklaters, London Stock
Exchange, Prudential Trustee Company Limited, Rathbones and
Threadneedle Investments.
For more information visit www.retailcharitybonds.co.uk
About the bonds
1. The bonds may not be suitable for all investors. Investors
should ensure they fully understand the risks and seek independent
financial advice.
2. Investors should note that the market price of the bonds can
rise and fall during the life of the investment and the price of
the bonds could fall below the issue price of GBP100.
3. In the event that Retail Charity Bonds PLC or Hightown
Praetorian and Churches Housing Association Limited defaults,
becomes insolvent or goes out of business, investors may lose some
or all of their investment.
IMPORTANT INFORMATION
This announcement is an advertisement and is not a prospectus
for the purposes of EU Directive 2003/71/EC, as amended, and/or
Part VI of the Financial Services and Markets Act 2000 (the
"FSMA"). A prospectus dated 31 March 2015 (the "Prospectus") has
been prepared and made available to the public as required by Part
VI of the FSMA. Investors should not subscribe for any bonds
referred to in this announcement except on the basis of information
in the Prospectus. Full information on Retail Charity Bonds PLC and
the offer of the bonds is only available on the basis of the
combination of the Prospectus and this announcement which have been
published by Retail Charity Bonds PLC on the Regulatory News
Service operated by the London Stock Exchange.
The restriction on financial promotions contained in section
21(1) of the Financial Services and Markets Act 2000 does not apply
to this announcement by virtue of article 70(1A) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended.
The offering and the distribution of this announcement and other
information in connection with the offer in certain jurisdictions
may be restricted by law and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to purchase
any Bonds. Any purchase of Bonds pursuant to the offer should only
be made on the basis of the information contained in the prospectus
dated 31 March 2015 (the "Prospectus". The Prospectus is available
at the website of Retail Charity Bonds PLC and Hightown Praetorian
and Churches Housing Association Limited as above and the website
of the London Stock Exchange plc
(www.londonstockexchange.com/newissues).
The Bonds have not been and will not be registered under the
United States Securities Act of 1933 (as amended) (the "Securities
Act") and, subject to certain exceptions, may not be offered or
sold within the United States or to United States persons. The
Bonds are being offered and sold outside of the United States in
reliance on Regulation S of the Securities Act.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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