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MJ Hudson Group PLC (MJH)

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Monday 25 October, 2021

MJ Hudson Group PLC

Replacement: Regulatory approval re acquisition

RNS Number : 1141Q
MJ Hudson Group PLC
25 October 2021
 

HEADLINE ALTERATION

The headline for the MJ Hudson Group plc announcement released on 25 October 2021 at 07:00am under RNS No 0261Q should read "Regulatory approval received re acquisition".

The announcement text is unchanged and is reproduced in full below.

 

 

25 October 2021

 

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

 

Regulatory approval now received in respect of the announced acquisition of

Saffery Champness Fund Services Limited

 

MJ Hudson Group plc (AIM:MJH), the specialist service provider to the asset management industry, confirms it has received full regulatory approval from the Guernsey Financial Services Commission in connection with its acquisition of Saffery Champness Fund Services Limited (´SCFL´). SCFL is a Guernsey based, fund administration business and its acquisition adds scale and expertise to the Group´s existing operations.

The receipt of this approval was a key outstanding condition of the transaction, announced on 23 July of 2021. Formal completion is expected to occur on or around the end of October.

 

For further information, please contact:

 

MJ Hudson Group plc

Matthew Hudson, CEO

Mark Pattimore, MD International Administration

Andrew Walsh, IRO

Katherine Hazelden, PR Director

 

+44 20 3463 3200

Cenkos Securities plc (Nomad and Broker)

Giles Balleny

Stephen Keys

Callum Davidson

+44 20 7397 8900

 

Buchanan (PR Adviser)

Stephanie Whitmore

Kim Looringh-van Beeck

Hannah Ratcliff 

+44 20 7466 5000

 

 

About MJ Hudson

 

MJ Hudson is a one-stop-shop specialist service provider to the US$100 trillion plus asset management industry, with a focus on its fastest growing segment, alternative investments (which includes private equity, venture capital, real estate and hedge funds).

 

As outlined at IPO in December 2019, our growth strategy is to develop and acquire new products and services that are needed by our core customer base of asset managers and institutional investors and to extend this customer base in the key markets of North America and Europe. Our strategy benefits from the underlying expansion of the alternative investment subsector and the continuing and growing need for outsourcing and specialist advice as regulation and competition makes operating more challenging for our clients. 

 

Founded in 2010 by CEO Matthew Hudson (a lawyer and former alternative assets fund manager), we have grown quickly to now support more than 1,000 clients, including 18 of the FTSE 100. Our business is transatlantic, with clients clustered around the major asset management centres of Europe and North America. Our team of 240 works out of 11 offices in those same centres.

 

For more information, please visit our website: investors.mjhudson.com/  

 

Linkedin: www.linkedin.com/company/mj-hudson /  

Twitter: www.twitter.com/MJHudsonCorp  

 

 

 

 

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