REG - JTC PLC - Completion of Citi Trust Acquisition

JTCAnnouncement

01/07/2025 07:00

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RNS Number : 9498O  JTC PLC  01 July 2025

1 July 2025

 

 

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group")

 

Completion of Citi Trust acquisition

 

 

Further to its announcement on 16 September 2024 and following receipt of all
applicable change of control and regulatory approvals, JTC, a global leader in
professional services, is pleased to announce the completion of its
acquisition of the global fiduciary and trust administration services business
from Citigroup Inc. for a total consideration of $80 million (the
"Acquisition").

The Acquisition, which has been financed through existing cash reserves and
committed debt facilities, is highly complementary to JTC's existing
footprint, bolstering several of the Group's key growth jurisdictions. It will
cement JTC's position as the leading independent provider of global trust
services and bring further resilient annuity driven revenue to the Group.

 

For further information please contact:

 

JTC

David Vieira, Chief Communications Officer Tel: +44 (0) 7797 735 444

 

Camarco (Financial PR)

Geoffrey Pelham-Lane Tel: +44 (0) 7733 124 226

Sam Morris Tel: +44 (0) 7796 827 008

 

 

About JTC

JTC is a publicly listed, global professional services business with deep
expertise in fund, corporate and private client services. Every JTC person is
an owner of the business and this fundamental part of our culture aligns us
with the best interests of all of our stakeholders. Our purpose is to maximise
potential and our success is built on service excellence, long-term
relationships and technology capabilities that drive efficiency and add
value.

www.jtcgroup.com (http://www.jtcgroup.com/)

 

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