Completion of the acquisition of Cornelian

RNS Number : 4736E

Brooks Macdonald Group PLC

28 February 2020

 

28 February 2020

Brooks Macdonald Group plc

Completion of the acquisition of Cornelian

Brooks Macdonald Group plc ("Brooks Macdonald", the "Group" or the "Company") is pleased to announce that the 453,172 ordinary shares issued to settle part of the upfront consideration for the Group's acquisition of Cornelian Asset Managers Group Limited ("Cornelian") have been admitted to trading on AIM.  Accordingly the acquisition of Cornelian has completed.

The number of ordinary shares in the Company in issue and number of voting rights is 16,125,831.  This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries to:

Brooks Macdonald Group plc Caroline Connellan, CEO Ben Thorpe, Finance Director	www.brooksmacdonald.com 020 7499 6424
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn / John Welch	020 7418 8900
MHP Communications Reg Hoare / Simon Hockridge / Charlie Barker	020 3128 8734

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary funds under Management of £13.1 billion as at 31 December 2019.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as offshore investment management and acts as fund manager to a regulated OEIC providing a range of risk-managed multi-asset funds and a specialised absolute return fund.

The Group has thirteen offices across the UK and the Channel Islands including London, East Anglia, Hampshire, Leamington Spa, Leeds, Manchester, Taunton, Tunbridge Wells, Wales, Scotland, Jersey, and Guernsey.

 

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