Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - Confirms it has received separate proposals from Integrafin Holdings PLC and Epiris LLP regarding possible cash offers for the entire issued and to be issued ordinary share capital of Nucleus.
Discussions between Nucleus and the respective parties are ongoing, the company notes.
It continues: "Nucleus understands that Sanlam UK Ltd, which owns approximately 52% of Nucleus's issued share capital, is supportive of the Nucleus board engaging in potential offer discussions and the company intends to work constructively with Sanlam UK Ltd to ensure that the interests of all shareholders are properly considered."
There can be no certainty that any offer for Nucleus will be made, nor as to the terms on which any offer might be made, company adds
Current stock price: 183.00 pence
Year-to-date change: up 7.3%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.


(Sharecast News) - Rosebank Industries rallied on Tuesday after both Citi and Jefferies reinstated coverage of the shares at 'buy'.


(Sharecast News) - Shore Capital upgraded IntegraFin to 'buy' from 'hold' on Tuesday and lifted the price target to 400p from 350p as it said the Tran...


(Alliance News) - Stock prices in London were lower at midday on Thursday, as hopes for peace in the Middle East were dented by fresh US strikes again...


IN BRIEF: Nucleus Financial names new leadership post takeover


IN BRIEF: Nucleus Financial sets delist date after James Hay takeover


AJ Bell seeks new CFO after internal promotion, adds non-exec director


IN BRIEF: Nucleus Financial's takeover by James Hay now unconditional


TRADING UPDATES: Luceco tops guidance; Jadestone seals Malaysia buy


(Sharecast News) - Wrap investment platform provider Nucleus reported a 19.2% year-on-year improvement in assets under administration for its second q...


UK shareholder meetings calendar - next 7 days


TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million