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Volvere PLC Acquires Certain Assets of JMP Consultants Limited to be held by wholly Owned Subsidiary

Wednesday, 15 May 2013 02:00am EDT 

Volvere PLC announced the acquisition of certain of the assets of JMP Consultants Limited ("JMP") with a view to carrying on the trade of that business as a going concern ("the Transaction"). The assets will be held in a wholly owned subsidiary of Volvere which will trade under the name JMP Consultants Limited ("Newco"). Volvere PLC is acquiring the assets of JMP for a cash consideration of GBP 0.415 million. It is expected that Volvere's shareholding in Newco over time will be reduced by up to 25% through the issue of new equity in Newco to key stakeholders. Volvere PLC will also make a working capital facility available to Newco. 

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