This is an advertisement and not a prospectus.

The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document.

UK MiFIR retail investors, professional investors and ECPs target market – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels) and also retail clients (all distribution channels).

GOLDEN LANE HOUSING LTD 3.25% SOCIAL BONDS DUE 2031

Issue Size Announcement

This announcement constitutes the Issue Size Announcement as referred to in the prospectus dated 1 July 2021 (the “Prospectus”) and must be read in conjunction with the Prospectus.

Defined terms used herein shall have the meanings attributed to them in the Prospectus.

The Offer Period relating to the Bonds closed at 2:00pm (London time) on 6 July 2021 and, accordingly, Bonds can no longer be subscribed for pursuant to the offer. In accordance with Article 17 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, the Issuer is pleased to confirm the following in connection with the offer of the Bonds:

Issue Date:	22 July 2021
Total principal amount of the Bonds issued (including Retained Bonds):	£15,000,000
Total principal amount of Retained Bonds	£4,000,000
Amount of the Loan to be advanced on the Issue Date	£11,000,000
Estimated expenses relating to the offer:	£140,000
Estimated net proceeds of the offer:	£10,860,000

 

-ENDS-

For enquiries, please contact:

FTI Consulting Dido Laurimore Richard Gotla Talia Jessener	Tel: +44 (0)20 3727 1000
Allia C&C Henrietta Podd	Tel: +44 (0)20 3039 3452

 About Golden Lane Housing

• Golden Lane Housing Ltd is a charitable company limited by guarantee incorporated in England and Wales with company registration number 03597323. The Charity is also registered with the Charity Commission with registered charity number 1071097 and is a Registered Provider with the Regulator of Social Housing with registration number 4803.
• The sole member and parent of the Charity is the Royal Mencap Society, a charitable company limited by guarantee incorporated in England and Wales with company registration number 00550457 and a registered charity with the Charity Commission with registered charity number 222377.
• The principal source of income of the Charity (comprising 90% of total income in the financial year to 31 March 2021) is rent from its tenants in return for provision of accommodation and specialist landlord services. These services range from housing management and maintenance services tailored to the needs of people with a learning disability (including a 24-hour repairs helpline) to advice and guidance to families, individuals, carers and social care professionals on housing related issues. The Charity works very closely with over 200 support organisations who provide care and support services, with Mencap currently being the support provider for approximately 31 per cent. of the Charity’s tenants.
• Underpinning the Charity’s principal activities are five key values which are the foundations on which the Charity’s work and future plans are based:

1. Caring: we treat everyone with respect and kindness
2. Listening: we involve people in the review and design of housing and services
3. Honesty: we build trust by being open and fair in everything we do
4. Reliable: we are dependable and trusted to keep our standards and commitments
5. Creative: we work together in many different ways for great outcomes

 For further information about the Charity, please go to https://www.glh.org.uk

 About Allia C&C

• Allia C&C is a leading expert in socially responsible finance, working to amplify economic and social impact. It supports a range of organisations that span the impact spectrum, from charities through to businesses that act responsibly – facilitating their access to the most appropriate and optimal funding for their needs from investors who are interested in creating impact.
• The team at Allia C&C were responsible for the creation of the Retail Charity Bonds platform and have managed each of its bond issues.
• Allia C&C is a trading name of City & Continental Ltd, an Allia company.
• For more information please see alliacc.com

 About Retail Charity Bonds

Retail Charity Bonds PLC is a public limited company; it was established as a special purpose issuing vehicle but is not itself a charity. It is governed by an independent and experienced board of directors from the financial and charity sectors who are acting on a pro-bono basis. The administration of RCB is carried out by Allia Bond Services Ltd, a subsidiary of Allia C&C.

For more information please see  https://rcb-bonds.com

About the Bonds

• The Bonds may not be suitable for all investors. Investors should ensure they fully understand the risks and seek independent financial advice.
• Investors should note that the market price of the Bonds can rise and fall during the life of the investment and the price of the Bonds could fall below the issue price of £100.
• In the event that Retail Charity Bonds PLC or Golden Lane Housing Ltd becomes insolvent or goes out of business, investors may lose some or all of their investment.

This announcement is an advertisement within the meaning of Article 2(k) of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”) (the “UK Prospectus Regulation”) and is not a prospectus for the purposes of the UK Prospectus Regulation. A prospectus dated 1 July 2021 (the “Prospectus”) relating to the Bonds has been prepared and made available to the public in accordance with the UK Prospectus Regulation.

The Prospectus is available on the website of Retail Charity Bonds PLC (https://rcb-bonds.com/bonds/golden-lane-housing. A key information document (“KID”) pursuant to Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA has been prepared by Retail Charity Bonds PLC in connection with the Bonds. A copy of the KID is also available on the website of Retail Charity Bonds PLC (https://rcb-bonds.com/bonds/golden-lane-housing).

The Prospectus has been approved by the Financial Conduct Authority (the “FCA”) as competent authority under the UK Prospectus Regulation. The FCA only approves the Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the UK Prospectus Regulation. Such approval should not be considered as an endorsement of Retail Charity Bonds PLC, Golden Lane Housing Ltd or the quality of the Bonds that are the subject of the Prospectus.

Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Bonds that are the subject of the Prospectus. Investors should not subscribe for any bonds referred to in this announcement except on the basis of information in the Prospectus.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds. Any purchase of Bonds pursuant to the offer should only be made on the basis of the information contained in the Prospectus.

The Bonds have not been and will not be registered under the United States Securities Act of 1933 (as amended, the “Securities Act“) and, subject to certain exceptions, may not be offered or sold within the United States or to United States persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.