35KZ Optivo Fin 48

TIDM35KZ

RNS Number : 0185U

Optivo Finance PLC

20 November 2023

Optivo Finance Plc (the Issuer)

Decant of residents from Centrium 1 (Eastgate), Woking

Southern Housing (the Borrower ) owns, under a headlease, a property in Woking called Centrium 1 which comprises 60 flats (the Property ).

The Borrower is currently carrying out further investigations into materials used in the construction of the Property. The investigations centre around the composition of concrete used in the construction of the Property.

Due to concerns around the composition of the concrete a decision has been taken to decant all residents from the Property. The Borrower is working alongside all parties to manage the process effectively ahead of full results of further investigations being known.

The Property is not securing any obligations of the Issuer or the Borrower under their financing agreements.

MORE INFORMATION

Investors (southernhousing.org.uk)

Tariq Kazi, Director of Financial Strategy, 020 8036 2293

Optivo Finance PLC (registered number 7933814) is a wholly owned subsidiary of Southern Housing.

Southern Housing is a community benefit society with registered number 8983 and registered as a Registered Provider with the Regulator of Social Housing with number 5171.

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(END) Dow Jones Newswires

November 20, 2023 07:41 ET (12:41 GMT)

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