1st Dec 2021 16:36
RNS Number: 3043S
Incommunities Treasury plc
1 December 2021
Incommunities Treasury plc
(the "Issuer")
(Incorporated with limited liability in England and Wales with registration number 11678195)
Incommunities Treasury plc
£250,000,000 3.250 per cent. Secured Bonds due 2049
ISIN: XS1963842437
On 1 December 2021, the Financial Conduct Authority confirmed approval of each of the transfers of engagements of:
(a) Incommunities Group Limited (registered as a charitable community benefit society under the Co-operative and Community Benefit Societies Act 2014 with registered number 8711 and registered as a registered provider with the Regulator of Social Housing with registered number L4363), the parent of the Issuer and of the Incommunities Group, to Incommunities Limited (registered as a charitable community benefit society under the Co-operative and Community Benefit Societies Act 2014 with registered number 30178R and registered as a registered provider with the Regulator of Social Housing with registered number L4476); and
(b) Sadeh Lok Limited (registered as a charitable community benefit society under the Co-operative and Community Benefit Societies Act 2014 with registered number 26410R and registered as a registered provider with the Regulator of Social Housing with registered number L3807) to Incommunities Limited,
each pursuant to section 110 of the Co-operative and Community Benefit Societies Act 2014.
Prior to the transfers taking effect, each of Incommunities Limited and Sadeh Lok Limited had entered into Bond Loan Agreements, each as a borrower, with the Issuer. Following the transfers, Incommunities Limited will be the sole borrower under the bond structure and will also be the parent of the Issuer.
For further information, please contact:
Francesco Elia
Incommunities Group Limited
Interim Executive Director of Finance
The Quays
Victoria Street
Shipley
West Yorkshire BD17 7BN
Email: francesco.elia@incommunities.co.uk
Related Shares:
Incommun.tr.49