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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCPPGAWGUPWGPU

(END) Dow Jones Newswires

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

Optivo Fin 48 (LSE:35KZ)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Optivo Fin 48
Optivo Fin 48 (LSE:35KZ)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Optivo Fin 48