'Overwhelming' support for R&M reverse takeover

AssetCo’s reverse takeover has received 100% shareholder support at its AGM

Lauren Mason
clock • 1 min read
River and Mercantile Group is headquartered on Coleman Street in the City of London.
Image:

River and Mercantile Group is headquartered on Coleman Street in the City of London.

AssetCo’s reverse takeover of River and Mercantile Group (R&M) received 100% shareholder approval at its annual general meeting today (13 April), in what chief executive Martin Gilbert has called a display of “overwhelming support”.

Following the announcement from AssetCo's board and the independent directors of R&M in January this year, an agreement was reached that an all-share acquisition would take place, with full details...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Good News Corner: Barnett Waddingham celebrates third Walk and Talk

Good News Corner: Barnett Waddingham celebrates third Walk and Talk

Group of 60 traverses 17km route from Henley and through Chiltern Hills

Jasmine Urquhart
clock 13 June 2025 • 1 min read
UK Pensions Awards 2025 - The photos from the night

UK Pensions Awards 2025 - The photos from the night

The awards ceremony was held on 12 June at The Brewery in London

Jonathan Stapleton
clock 13 June 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT managed retirement for life offering, TPR blog and XPS survey on DB surplus

Professional Pensions
clock 13 June 2025 • 1 min read
Trustpilot