2nd Jul 2020 14:32
(Alliance News) - Jupiter Fund Management PLC on Thursday confirmed the appointment of Christopher Parkin as a non-executive director.
Parkin has been nominated pursuant to Mintaka LP's and TA Associates Management LP's rights under the relationship agreement entered into between them and Jupiter in connection with Merian Global Investors Ltd acquisition.
The FTSE 250 fund management firm completed the GBP370 million acquisition on Wednesday. Jupiter fund issued Merian shareholders 95.4 million shares, giving them a 17% stake in the combined company. It said it would also make an additional deferred payment of up to GBP20 million depending on performance targets being met.
Jupiter Fund shares were trading 0.2% lower in London on Thursday at 254.21 pence each.
By Evelina Grecenko; [email protected]
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