REG - AJ Bell PLC - Completion of Platinum SIPP and SSAS business sale

AJ BellAnnouncement

Mon 10:45

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RNS Number : 9168F  AJ Bell PLC  03 November 2025

3 November 2025

AJ Bell plc

Completion of Platinum SIPP and SSAS business sale

 

Further to the announcement dated 27 March 2025, AJ Bell plc ("AJ Bell" or the
"Company") today announces it has completed the sale of its Platinum SIPP and
SSAS business, part of its non-platform business, to InvestAcc Group Limited
("InvestAcc") for a total consideration of up to £25.0 million.

 

The Company confirms that 3,400 customers and £3.3 billion of assets under
administration have transferred to InvestAcc from its non-platform business.

 

Initial consideration of £18.5 million has been settled; made up of £17.5
million in cash and £1.0 million in new InvestAcc shares. Deferred
consideration of up to £6.5 million in cash will be payable in the first half
of 2026, subject to certain conditions. The disposal proceeds will further
strengthen AJ Bell's capital position, which will be flowed through the
Company's capital allocation framework.

 

Completion of the transaction simplifies AJ Bell's business model and enables
management to focus on AJ Bell's core platform business in both the advised
and direct-to-consumer market segments.

 

 

Contacts:

 

AJ Bell

 

 ·             Mark Coxhead, Head of Investor Relations  +44 (0) 7761 513 512
 ·             Mike Glenister, Head of PR                +44 (0) 7719 554 575

 

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