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Completion of sale of Solutions business

1st Feb 2022 07:00

RNS Number : 2254A
River and Mercantile Group PLC
01 February 2022
 

 

1 February 2022

LEI: 2138005C7REHURGWHW31

 

River and Mercantile Group PLC (the 'Company' or 'RMG')

Completion of the sale of the Company's Solutions business to Schroders

 

RMG has today announced that the sale of its Solutions business to the Schroders group for £230 million successfully completed on 31 January 2022 ('Completion').

 

The Company makes the following disclosure in accordance with Listing Rule 9.6.11.

 

As previously announced, James Barham has transferred with the Solutions business to a broader role at Schroders. Accordingly, he has retired as a director of the Company as at the date of Completion.

 

Sally Buckmaster

Group Company Secretary

River and Mercantile Group PLC

 

For further information, please contact:

 

Lazard

Nicholas Millar / Anthony Segal-Knowles

+44 (0)20 7187 2000

 

Fenchurch Advisory Partners

Vincent Bounie / Philip Evans

+44 (0)20 7382 2222

 

Montfort Communications

Gay Collins +44 (0)7798 626282

Nick Bastin +44 (0)7931 5000 66

[email protected]

 

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