15th Oct 2013 13:14
LONDON (Alliance News) - WH Ireland Group PLC Tuesday said it has reached a settlement in regard to all of former Chief Executive Paul Compton's claims against the company.
WH Ireland shares were Tuesday quoted at 74.40 pence, up 4.90 pence, or 7.1%.
The company, which provides stockbroking, wealth management and corporate finance advice, said the settlement is subject to a confidential agreement.
Compton was CEO between January 2011 and December 2012.
During this period the corporate division grew to 83 corporate clients from 68, while the private client division saw its assets increase by approximately GBP200 million as a result of the Pritchard Stockbroking acquisition.
"I am pleased that this issue has now been settled and that the company under Richard Killingbeck can focus on delivering on its strategic plan on developing further both the Corporate and the Private Client division and on delivering strong shareholder returns as a result," Rupert Lowe, chairman, said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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