Contributed by Lloyds Bank Group
5/05/2021 - James Hay Limited
James Hay Limited welcomes the announcement that 91.73% of the Nucleus Financial plc shareholders have accepted the recommended cash offer at the first closing date, with the offer becoming unconditional to acceptances.
Richard Rowney, CEO of James Hay, commented: “I’m very pleased that shareholders have overwhelmingly accepted our offer. Shareholder approval is a key milestone in the journey to bring together the respective expertise of Nucleus and James Hay.
“We are excited by the prospect of working with the Nucleus team as we seek to create a leading independent adviser platform with circa £45 billion of AUA, and the scale to invest in the technology, products and service for the benefit of advisers and their clients.”
The transaction remains subject to regulatory approval and is currently expected to complete in the second half of the year.
There remains no immediate change for the advisers and their clients that use either platform.
To find out more about James Hay Limited and their secure and flexible approach to your retirement wealth planning visit the James Hay Limited website
All articles on this news site are submitted by registered contributors of EssexWire. Find out how to subscribe and submit your stories here »