'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

Disorderly net-zero transition will have 'severe' impact on scheme returns

Disorderly net-zero transition will have 'severe' impact on scheme returns

Ortec Finance says physical risks could ‘slash returns’ in UK pension fund portfolios

Holly Roach
clock 12 December 2024 • 1 min read
What will next year entail for pensions?

What will next year entail for pensions?

PP survey finds industry expects regulation, run-on, dashboards, GMP and governance challenges

Jasmine Urquhart
clock 12 December 2024 • 3 min read
Schemes keen for BPA insurers to offer improved communications, Aon finds

Schemes keen for BPA insurers to offer improved communications, Aon finds

Firm says trend for bulk annuity insurers to offer improved comms will continue into 2025

Holly Roach
clock 11 December 2024 • 2 min read
Trustpilot