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Jelf Group PLC Completes Acquisition Of The Insurance Partnership Holdings Limited


Monday, 1 Jul 2013 02:00am EDT 

Jelf Group PLC announced that following approval from the FCA, it has now completed the acquisition of the entire issued share capital of The Insurance Partnership Holdings Limited (TIP) as announced on May 13, 2013. The integration of the two businesses, including the delivery of value enhancing synergies, is underway. Pursuant to the share purchase agreement relating to the acquisition, the Company has issued and allotted 3,364,112 new ordinary shares of 1p each at 92p per share to certain of TIP's key senior management team and key sales people. The new ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. Application has been made to the London Stock Exchange for the new ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the new ordinary shares will commence at 8.00 a.m. on July 2, 2013. 

Company Quote

124.5
0.5 +0.40%
19 Sep 2014