REG - RCB Bonds PLC RCB Bonds PLC - RMBI - RMBI to exit residential care sector

ChristieAnnouncement

25/02/2026 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260225:nRSY3897Ua&default-theme=true

RNS Number : 3897U  RCB Bonds PLC  25 February 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

THE ROYAL MASONIC BENEVOLENT INSTITUTION CARE COMPANY TO EXIT ITS OPERATIONS
IN THE RESIDENTIAL CARE SECTOR

On 7 March 2023, RCB Bonds PLC (the "Issuer") issued The Royal Masonic
Benevolent Institution Care Company 6.25% Sustainable Bonds due 2029 (the
"Bonds") secured on a loan (the "Loan") to The Royal Masonic Benevolent
Institution Care Company (the "Charity").

The Charity has today announced that, following a thorough review, it has
reached a decision to sell its portfolio of 15 care homes (the "Homes") it
operates across England and Wales and to exit its operations in the
residential care sector.

The sale will be managed through Christie & Co, and the Charity
anticipates that all of the Homes, which together operate some 958 beds and
employ around 1,500 staff, will continue to operate as normal during this
process.

The Charity has published an announcement which can be viewed on the website
of the Issuer at
https://rcb-bonds.com/wp-content/uploads/2026/02/RMBI-CC-NEWS-RELEASE-25.2.26.pdf.

While the Charity expects the sales process to take some time, it is the
Charity's intention, following the sale of some or all of the Homes, to prepay
the Loan in full at the Sterling Make-Whole Redemption Amount (as defined in
the Conditions of the Bonds). Upon such prepayment, the Issuer will redeem all
of the Bonds in accordance with Condition 10.2 of the Bonds at the Sterling
Make-Whole Redemption Amount.

The Issuer will give not less than 15 nor more than 30 days' notice to the
Bondholders  prior to the date of redemption of the Bonds pursuant to
Condition 10.2.

This announcement is released by RCB Bonds PLC and contains inside information
for the purposes of Article 7 of the Market Abuse Regulation. The person
responsible for arranging the release of this announcement on behalf of the
Issuer is John Tattersall, Chair, RCB Bonds PLC.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STREAFASAFLKEFA



            Copyright 2019 Regulatory News Service, all rights reserved