REG - Flagship Finance PLC - Flagship, Futures and bpha end partnership talks
05/10/2022 09:31
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221004:nRSD7460Ba&default-theme=true RNS Number : 7460B Flagship Finance PLC 04 October 2022 RNS Flagship, Futures and bpha end partnership talks After six months of detailed discussions, Flagship, Futures and bpha have ended their talks to try and form a new 60,000 home association. Since announcing talks in April, the economic environment has changed in an unprecedented manner, undermining the potential to achieve the goals the partners had set themselves. Chairs of the respective organisations said: "As three individually strong organisations we set ourselves some ambitious goals for a potential new organisation. Given the change in economic circumstances over the last six months, achieving these aims is no longer feasible and therefore we have agreed to end the talks. Each of the organisations is well placed to continue to serve their customers effectively and now look forward to supporting each other in the normal course of business." Flagship has over 32,000 homes, is rated G1, V1 by the RSH and has an A2 Moody's credit rating. For more information, please contact: David Armstrong Chief Financial Officer, Flagship Group on 0845 258 6117 / 07876501548 E N D S Issuing entity: Flagship Finance 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 UPDUPGAAUUPPGGC