Merger Announcement

Summary by AI BETAClose X

Myriad Capital plc announces that on March 31, 2026, Chelmer Housing Partnership Limited merged with Estuary Housing Association to form Delta Housing Limited, a new charitable housing association. This merger, which involved Estuary transferring its engagements into Chelmer Housing Partnership and a subsequent name change, is expected to enhance Delta's financial capacity to improve services, invest in existing homes, and build more affordable housing. The enlarged group's Board and Executive team have been confirmed.

Disclaimer*

Myriad Capital PLC
31 March 2026
 

RNS Number: 8754Y

Myriad Capital plc

31 March 2026

Myriad Capital plc

(the Issuer)

Myriad Capital plc

£250,000,000 4.75 per cent. Secured Bonds due 2043

ISIN: XS1005023301

Merger Announcement

The Issuer announces that on 31 March 2026, Chelmer Housing Partnership Limited (the Borrower) merged with Estuary Housing Association (Estuary) to form a new housing association called Delta Housing Limited (Delta). The merger was effected by way of Estuary transferring its engagements into the Borrower in accordance with the statutory process set out in Section 110 of the Co-Operative and Community Benefit Societies Act 2014 and the Borrower then changing its name to Delta.

The increased financial capacity that the merger provides will enable Delta to deliver more for the people and communities it serves. Delta will improve services, invest more in existing homes and build more high-quality, affordable housing that's urgently needed.  Completion of the merger follows comprehensive due diligence, regulatory approvals, extensive consultation with customers and engagement with key stakeholders.

Delta is a charitable housing association registered in England as a Community Benefit Society (Reg. 8112) and registered with the Regulator of Social Housing (L4331).

 

Board and Executive team update

 

The Board of Directors and Executive team for the enlarged Group have been confirmed.  Details are available on the new Delta website: www.deltahousing.org.uk

 

 

For further information, please contact:

Neil Perrins

Myriad Capital plc

33 Springfield Lyons Approach

Springfield

Chelmsford

CM2 5LB

Tel: 01245 951380

Email: neil.perrins@chp.org.uk

Email from 1 April: neil.perrins@deltahousing.org.uk

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