2nd Dec 2020 15:45
Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - Confirms it has received separate proposals from Integrafin Holdings PLC and Epiris LLP regarding possible cash offers for the entire issued and to be issued ordinary share capital of Nucleus.
Discussions between Nucleus and the respective parties are ongoing, the company notes.
It continues: "Nucleus understands that Sanlam UK Ltd, which owns approximately 52% of Nucleus's issued share capital, is supportive of the Nucleus board engaging in potential offer discussions and the company intends to work constructively with Sanlam UK Ltd to ensure that the interests of all shareholders are properly considered."
There can be no certainty that any offer for Nucleus will be made, nor as to the terms on which any offer might be made, company adds
Current stock price: 183.00 pence
Year-to-date change: up 7.3%
By Paul McGowan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
IntegraFin HoldingsNUC.L