Update on acquisition of Stockdale SecuritiesSource: RNS
Shore Capital Group Limited
("Shore Capital" or the "Company")
Update on acquisition of Stockdale Securities
Shore Capital is pleased to announce that, further to its statement on 13 February in relation to the acquisition of Stockdale Securities Limited (the "Acquisition"), the Financial Conduct Authority (FCA) has approved the change of control of Stockdale Securities Limited resulting from the Acquisition.
Consequently, completion of the Acquisition is expected to take place at the end of March 2019.
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Simon Fine, Co-Chief Executive
David Kaye, Co-Chief Executive
+44 (0)20 7408 4090
Grant Thornton UK LLP (Nominated Adviser)
+44 (0)20 7383 5100
About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and majority owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long-term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market making business; some of the most respected investment research available in the UK; and a diverse range of high-quality investment opportunities, including its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.
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