29th Jun 2020 18:08
WH Ireland Group PLC - London-based wealth manager and corporate & institutional broker - Agrees to sell Isle of Man subsidiary WH Ireland (IOM) Ltd to Channel Islands-based investment manager Ravenscroft Holdings Ltd for GBP250,000, plus up to GBP412,500 in deferred payment. WH Ireland also will receive full repayment of GBP1.1 million in loans it provided to the IOM subsidiary. WH Ireland and Ravenscroft enter collaboration agreement to allow WH Ireland to continue to offer wealth management services to clients in international jurisdictions. The IOM subsidiary has GBP1.2 million in annual revenue and GBP353 million in assets under management.
Current stock price: 41.25 pence
Year-to-date change: down 16%
By Tom Waite; [email protected]
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