Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNUC.L Share News (NUC)

  • There is currently no data for NUC

Nucleus Financial surges as it confirms takeover proposals

Wed, 02nd Dec 2020 12:25
(Sharecast News) - Nucleus Financial shares surged on Wednesday after it confirmed it has received separate proposals from Integrafin Holdings and Epiris regarding possible cash offers for the company.
The Edinburgh-based fintech said it is also in preliminary talks with Aquiline Capital Partners and Allfunds regarding potential offers.

"Discussions between Nucleus and the respective parties are ongoing," it said. "Nucleus understands that Sanlam UK Limited, which owns approximately 52% 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 Limited to ensure that the interests of all shareholders are properly considered."

Nucleus said there can be no certainty that any offer will be made, nor as to the terms on which any offer might be made.

"A further announcement will be made in due course, as and when appropriate," it added.

At 120 GMT, the shares were up 30% at 172p.

Related News

IN BRIEF: Nucleus Financial names new leadership post takeover
7 Sep 2021

IN BRIEF: Nucleus Financial names new leadership post takeover

IN BRIEF: Nucleus Financial names new leadership post takeover

IN BRIEF: Nucleus Financial sets delist date after James Hay takeover
23 Aug 2021

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

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

AJ Bell seeks new CFO after internal promotion, adds non-exec director
18 Aug 2021

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

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

NUC.L News

FCA proposes ban or cap on investment platform exit fees
14 Mar 2019

FCA proposes ban or cap on investment platform exit fees

(Sharecast News) - The UK financial watchdog has set out new measures to reduce costs from switching between investment platforms, but felt competitio...

CORRECT: Customer Numbers Drive Nucleus Financial's Earnings Growth
28 Jan 2019

CORRECT: Customer Numbers Drive Nucleus Financial's Earnings Growth

(On Monday afternoon the company corrected the new number of customers to 93,715.)LONDON (Alliance News) - Nucleus Financial Group PLC on Monday said ...

Improved Customer Numbers Drive Nucleus Financial's Earnings Growth
28 Jan 2019

Improved Customer Numbers Drive Nucleus Financial's Earnings Growth

LONDON (Alliance News) - Nucleus Financial Group PLC on Monday said assets under administration increased in 2018 following a rise in customer numbers...

Nucleus Financial pleased with asset performance at year-end
28 Jan 2019

Nucleus Financial pleased with asset performance at year-end

(Sharecast News) - Independent wrap platform provider Nucleus Financial Group updated the market on its assets under administration for the 12-month p...

Nucleus Financial Has Strong Third Quarter Asset Growth But Flows Fall
26 Oct 2018

Nucleus Financial Has Strong Third Quarter Asset Growth But Flows Fall

LONDON (Alliance News) - Nucleus Financial Group PLC on Friday reported a solid third quarter with "strong" assets under management growth.The AIM-lis...

Nucleus Financial Group sees decent growth through third quarter
26 Oct 2018

Nucleus Financial Group sees decent growth through third quarter

(Sharecast News) - Independent wrap platform provider Nucleus Financial Group updated the market on trading for the nine-month period ended 30 Septemb...

DIRECTOR DEALINGS: Nucleus Financial Chief Of Technology Buys Shares
8 Oct 2018

DIRECTOR DEALINGS: Nucleus Financial Chief Of Technology Buys Shares

LONDON (Alliance News) - Nucleus Financial Group PLC said Monday that Chief Technology Officer Andrew Smith bought shares worth GBP49,998 in the compa...

DIRECTOR DEALINGS: Chairman And Wife Buy Nucleus Financial Shares
25 Sep 2018

DIRECTOR DEALINGS: Chairman And Wife Buy Nucleus Financial Shares

LONDON (Alliance News) - Nucleus Financial Group PLC on Tuesday said Non-executive Chairman Angus Samuels purchased 26,704 shares at a price of 176.00...