Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPolar Capital Share News (POLR)

Share Price Information for Polar Capital (POLR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 533.00
Bid: 534.00
Ask: 537.00
Change: -3.00 (-0.56%)
Spread: 3.00 (0.562%)
Open: 535.00
High: 538.00
Low: 528.00
Prev. Close: 536.00
POLR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Polar Capital completes Dalton purchase for GBP15.6 million cash

Mon, 01st Mar 2021 10:20

(Alliance News) - Polar Capital Holdings PLC on Monday said it has completed the acquisition of Dalton Capital Holdings Ltd following receipt of approval from the UK Financial Conduct Authority.

The London-based investment management company said the initial consideration for the acquisition was for GBP8.5 million in cash and 7,482 shares in Polar Capital, which are worth about GBP50,000. Further deferred cash consideration of GBP7.1 million is payable 12 months after completion.

Shares in Polar Capital were up 1.5% at 670.15 pence in London on Monday.

Polar Capital said the acquisition is in line with its growth strategy of adding a European investment team complementary to its existing European Income team.

The company will begin integrating Dalton onto its platform immediately, and anticipates it to be completed within six months.

"The completion of Dalton is the next step in Polar's growth and diversification strategy. Dalton's highly experienced investment teams are an excellent addition to Polar Capital, and I am very much looking forward to working with them," said Polar Capital Chief Executive Gavin Rochussen.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Jul 2014 15:12

UK Dividends Calendar - Week Ahead

Read more
10 Jul 2014 09:33

Polar Capital, Impax Asset Management Increase Assets Over Quarter

Read more
10 Jul 2014 06:20

Polar Capital breaks inflow winning streak in June quarter

LONDON, July 10 (Reuters) - Polar Capital said on Thursday $256 million had been pulled from its funds in the June quarter, the first outflows in 15 consecutive quarters of inflows. Assets under management during the period rose to more than $13.6 billion from $13.2 billion, however, booste

Read more
23 Jun 2014 09:05

UK BROKER RATINGS: Canaccord Raises Barclays To Buy

Read more
20 Jun 2014 12:24

UK MIDDAY BRIEFING: Shire Soars As AbbVie Confirms Approaches

Read more
20 Jun 2014 11:20

UK WINNERS & LOSERS: Shire Leads FTSE 100 Risers

Read more
20 Jun 2014 11:07

Polar Capital Expects More Challenging Year Ahead As Profit Doubles

Read more
20 Jun 2014 09:46

Friday broker round-up UPDATE

Berkeley Group: Credit Suisse ups target price from 2506p to 2550p reiterating a neutral rating. Crest Nicholson: Jefferies takes target price from 419p to 434p and maintains a buy recommendation. Debenhams: Investec lowers target price from 64p to 62p retaining a sell recommendation. Infinis: De

Read more
20 Jun 2014 07:32

UK MORNING BRIEFING: TSB Banking Shares Rise 11% From IPO Price

Read more
20 Jun 2014 06:38

MARKET COMMENT: UK Stocks Seen Higher But Trading Cautious

Read more
20 Jun 2014 05:27

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
19 Jun 2014 16:27

MARKET COMMENT: Yellen Lifts UK Stocks As Rolls-Royce Returns Cash

Read more
19 Jun 2014 15:03

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
19 Jun 2014 05:27

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
18 Jun 2014 15:34

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more

Quickpicks are a member only feature

Login to your account