St Mark Homes Plc Statement re Bond offering

 
TIDMSMAP 
 
25 September 2017 
 
                               St Mark Homes Plc 
 
                          ("SMH" or "the Company") 
 
                 BONDS LAUNCH OFFERING 6% p.a. OVER 30 MONTHS 
 
NEX listed property developer, St Mark Homes today announced the launch of a 
Bond offering investors 6% p.a. interest over a 30-month term on investment 
platform Crowdstacker. 
 
The unlisted Bond aims to raise an initial GBP2 million to finance residential 
led developments.  The intention is that the majority of these new homes will 
be eligible for the Government's Help-to-Buy scheme which provides equity 
supported loans to boost the deposits of people buying new homes within the 
Help to Buy threshold levels. 
 
Investors will be able to hold the Bonds as part of their annual ISA allowance, 
or receive tax-free income from it as part of their Personal Savings 
Allowance. 
 
 
St Mark Homes focuses on mid-price range developments typically selling at 
under GBP1,000 sq. ft., with Help-to-Buy eligible units making up 65-70% of 
overall stock on each site.  Demand for these homes remains strong, with the 
latest Government data showing over 120,000 properties have been sold through 
the scheme since it commenced in 2013, with 81% of these purchasers being first 
time buyers. 
 
Funds raised through the Bond will be directly used to increase the number of 
developments delivered by St Mark Homes. 
 
"Our aim is to source sites where we can build between 10 and 50 new homes of 
varying sizes, which would typically be sold off-plan.  The demand for new 
housing at this price point remains robust," explains Barry Tansey, CEO of St 
Mark Homes. "We've been building houses for nearly twenty years and have 
experienced  both the downturn in 2007/8, as well as the boost provided to the 
industry by the Help-to-Buy scheme. 
 
"Our projects have and will continue to provide a range of housing, including 
first time buyer and affordable homes.  We'd like to expand what we're doing, 
whilst being able to offer investors an attractive rate of return." 
 
St Mark Homes has been listed on the London NEX Growth Market and its 
predecessors since 2001.  Its Bond is the first fixed income investment offered 
by Crowdstacker since the platform announced it will be offering more than just 
P2P Loans. 
 
"P2P Platforms are naturally evolving towards being a part of mainstream 
investing options and we see the inclusion of products such as Bonds and Loan 
Notes as a natural extension of what we seek to do - providing good quality 
fixed income investment opportunities for everyday investors," explains Karteek 
Patel, CEO and co-founder of Crowdstacker. 
 
"It also means we can choose the best investment structure for businesses 
seeking to borrow GBP1 million or more, whilst giving investors what we know they 
want, a fixed income, tax free earnings, and the ability to choose where their 
money is invested. 
 
"Enabling investors to proactively choose exactly which businesses to make 
investments with is at the heart of our business model.  And by offering our 
members the chance to invest in St Mark Homes we are enabling them to gain 
exposure to the still buoyant Help-to-Buy market and support this country's 
need for high quality, sensibly-priced housing." 
 
Further information on the Bonds can be found at https://www.crowdstacker.com/ 
stmark 
 
The Directors of St Mark Homes PLC accept responsibility for this announcement. 
 
- Ends - 
 
 For further information, please contact: 
 
St Mark Homes Plc 
 
Sean Ryan, Finance Director                Tel: +44 (0) 20 7903 6777 
 
                                           seanryan@stmarkhomes.com 
 
Alfred Henry Corporate Finance Ltd, NEX 
Exchange Corporate Adviser 
 
Jon Isaacs / Nick Michaels                 Tel: +44 (0) 20 7251 3762 
 
                                           www.alfredhenry.com 
 
 
 
END

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September 25, 2017 02:00 ET (06:00 GMT)

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