9th Jun 2023 10:21
Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Receives UK Financial Conduct Authority approval for change of control in Logic Investments Ltd, and thus completes the acquisition of its majority stake in Logic. Logic has also raised GBP500,000 funding from the family office of John Gunn, an early-stage investor in many successful ventures, including interactive investor, recently sold to abrdn PLC for GBP1.5 billion. As a result, Oberon owns 63% of Logic, and it becomes part of the Oberon Group.
Chief Executive Officer Simon McGivern says: "Having received change of control approval from the FCA, we are thrilled to welcome the Logic team into the Oberon Group. We are also excited about the involvement of John Gunn and his family interests as an investor in Logic. John was an early-stage investor and supporter of interactive investor, advising the group from an early start up through to its GBP1.5 billion exit to abrdn."
Current stock price: 3.65 pence
12-month change: down 30%
By Holly Beveridge, Alliance News reporter
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