REG - Aster Treasury Plc - Aster Group in early partnership talks

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01/08/2022 13:00

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RNS Number : 4420U  Aster Treasury PLC  01 August 2022

Aster Treasury Plc

RNS No: 4420U

1 August 2022

 

Aster Group plans merger with Disability charity Enham Trust

 

Aster Group and disability charity, Enham Trust have today announced they are
in early talks for Enham Trust to join Aster Group, subject to consultation
and final approval in the autumn.

Aster Group, headquartered in Wiltshire, is a not-for-dividend housing
association with over 35,000 homes, 1,720 employees and a turnover of £240.9
million. It serves customers across the south of England.

Enham Trust based in Andover, Hampshire is a disability charity that supports
disabled people to live and work as independently as possible. Enham Trust
owns 300+ homes including those for social rent, supported living and
residential care services.

The partnership would increase Aster's net assets by £5m to £894m based on
the most recent audited financial statements of each entity.

ENDS

For more information contact:

Chris Benn, chief financial officer - chris.benn@aster.co.uk
(mailto:chris.benn@aster.co.uk)

 

 

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