RE: Will the deal complete?29 Apr 2025 14:09
No, not strange at all. I have never posted on JIM as I am not and never have been a shareholder. However, I have had an account with them since 2009. I post now because I think I have a relevant viewpoint on the recently announced deal which others might be interested in - kind of what these boards are for, no?
As for the RNS, can I direct you to the following excerpt: "In addition, it is a condition of the Agreement that the total AUA, and total number of customers, of the Execution Only Business must remain at least 90% of their value at the date of the Agreement throughout this period. In the event that any of the conditions set out in the Agreement are not satisfied Interactive Investor can either extend the period to complete the migration of the relevant clients or immediately terminate the Agreement. "
I think there's reasonable grounds to believe that Jarvis are in the process of losing more than 10% of their AUA, but we'll see. I think it's worth sharing this viewpoint on the Board - not sure why that feels strange to you?