38LT Libra (long) 38

TIDM38LT

RNS Number : 3327Y

Libra (Longhurst Group)Treasury PLC

04 December 2017

Libra (Longhurst Group) Tresaury plc

4(th) December 2017

Completion of merger with Axiom Housing Association

Libra (Longhurst Group) Treasury PLC confirms that the merger of the Longhurst Group with Peterborough-based, Axiom Housing Association (the "Merger"), has been completed in accordance with its terms. The enlarged group will be known as the Longhurst Group.

The Merger is expected to grow the Group's turnover to over GBP160m within five years and generate a healthy 30 per cent. operating margin. The enlarged group is expected to deliver 700 new homes a year and maintain its focus on providing comprehensive care and support services.

The enlarged group comprises the existing Longhurst Group (Longhurst & Havelok Homes Ltd, Spire Homes (LG) Ltd, Friendship Care and Housing Ltd and Keystone Developments (LG) Ltd) which is responsible for over 22,000 properties across almost 50 local authorities and Axiom Housing Association which owns more than 2,300 homes across Peterborough, Cambridgeshire and Lincolnshire and provides housing and services to over 5,500 people and employs more than 300 people.

Following the Merger, the directors of Libra (Longhurst Group) Treasury PLC are:

Clive Barnett (Chair)

Alan Lewin

Daniel Elkins

Karen Preece

Hilary Lindsay

Robert Griffiths

and, the directors of Longhurst Group Limited are:

Robert Wilson

Ann Stanley

Clive Barnett - Chair of Libra

Daniel Elkins

Hilary Lindsay

Julie Doyle - Chief Executive

Parmjit Dhanda

Patricia Brandum

Stephen Wenham

The Merger will have no impact on the terms of the company's secured bonds

For further information, please contact:

Libra (Longhurst Group) Treasury PLC

Robert Griffiths

Leverett House

Gilbert Drive

Boston

Lincolnshire

PE21 7TQ

Telephone: 01205 319664

Email: Robert.griffiths@longhurst-group.org.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUGGMWPUPMGAC

(END) Dow Jones Newswires

December 04, 2017 10:41 ET (15:41 GMT)

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