TIDM43QL

RNS Number : 7670L

Radian Capital plc

08 September 2023

Radian Capital PLC

8 September 2023

Silva to join Abri as a subsidiary

Radian Capital Plc (the Issuer)

GBP100,000,000 6 per cent. Secured Bonds due 2042, GBP100,000,000 4.622 per cent. Secured Bonds due 2044 and GBP200,000,000 5.029 per cent. Secured Bonds due 2049 (the Bonds)

The boards of Abri Group Limited (Abri) and Silva Housing Limited (Silva) have approved proposals for Silva to become a wholly owned subsidiary of Abri.

The target date for formal completion is early October, subject to lender consents.

Discussions about a potential partnership were first announced in March this year.

For further information, please contact:

Vimal Gaglani

Radian Capital PLC

Collins House

Bishopstoke Road

Eastleigh

Hampshire

SO50 6AD

Email: vimal.gaglani@abri.co.uk

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(END) Dow Jones Newswires

September 08, 2023 02:00 ET (06:00 GMT)

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