71WG Sanctuary 6.697

TIDM71WG

RNS Number : 3683E

Sanctuary Capital PLC

15 July 2016

Sanctuary Group withdraws from merger

Sanctuary Group has withdrawn from merger discussions with Housing & Care 21 as its board felt potential operational synergies were not met by an acceptable cultural fit between the organisations.

Sanctuary remains committed to expanding its offering to older people through the development of new homes as well as the ongoing delivery of viable and cost effective services.

Sanctuary is pursuing alternative merger and acquisition opportunities as part of the Group's business plan.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

July 15, 2016 10:39 ET (14:39 GMT)

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