Paragon Treasury PLC Statement re Paragon asra amalgamation (4713C)

TIDM60VT

RNS Number : 4713C

Paragon Treasury PLC

13 April 2017

Paragon Treasury Plc is a wholly owned subsidiary company of Paragon Community Housing Limited.

Paragon Community Housing Limited amalgamated with asra Housing Association Limited and Leicester Housing Association Limited on 13 April 2017 to create Paragon Asra Housing Limited. Paragon Treasury Plc remains as a wholly owned subsidiary of the new organisation.

Dilip Kavi, Chief Executive, said "The political and economic environments have become extremely challenging, and this amalgamation provides an opportunity to unlock capacity to build additional homes, together with extracting efficiencies to further improve services. The asset base consisting of 24,000 homes will enable the organisation to cope better with external challenges. This is a very exciting phase for the new Board, Executives and 600 colleagues to make a positive difference for our customers".

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRGGUUCCUPMGUW

(END) Dow Jones Newswires

April 13, 2017 06:41 ET (10:41 GMT)

Para Trsy 47 (LSE:60VT)
Historical Stock Chart
From Nov 2024 to Dec 2024