Brief: Finncap Group and Cenkos Securities To Merge In 21.1 Mln Pounds Deal

Cavendish

23/03/2023 07:30

March 23 (Reuters) - finnCap Group PLC  FCAP.L :
    * RECOMMENDED ALL-SHARE MERGER WITH CENKOS
    * CENKOS SHAREHOLDERS AND FINNCAP SHAREHOLDERS WILL EACH
HOLD
APPROXIMATELY 50% OF ENTIRE ISSUED ORDINARY SHARE CAPITAL OF
FINNCAP
    * COMBINED GROUP WILL BE LED BY EXISTING CEOS OF CENKOS AND
FINNCAP AS CO-CEOS
    * LISA GORDON WILL BECOME CHAIR OF COMBINED GROUP BOARD
WHICH WILL
COMPRISE EQUAL NUMBERS OF FINNCAP AND CENKOS DIRECTORS
    * MERGER VALUES EACH CENKOS SHARE AT 37.13 PENCE
    * EACH CENKOS SHAREHOLDER TO BE ENTITLED TO RECEIVE, RETAIN
0.5
PENCE CASH DIVIDEND FOR EACH CENKOS SHARE HELD ON 2022 DIVIDEND
RECORD DATE
    * EACH CENKOS SHAREHOLDER WILL BE ENTITLED TO RECEIVE: FOR
EACH
CENKOS SHARE: 3.19420647 NEW FINNCAP SHARES

Source text for Eikon:  ID:nRSW9390Ta 
Further company coverage:  CNKS.L 

 ((Reuters.Briefs@thomsonreuters.com;;))