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Update on disposal of Charles Stanley Fin Sols

12 Nov 2015 11:00

RNS Number : 4837F
Charles Stanley Group PLC
12 November 2015
 



12 November 2015

 

Charles Stanley Group PLC

 

 

Update on disposal of Charles Stanley Financial Solutions

 

 

In line with its strategy to focus on wealth management services, Charles Stanley announces that it has exchanged contracts for the sale of its wholly owned subsidiary, Charles Stanley Financial Solutions Limited, to its Management for £2.0 million. For the year ended 31 March 2015 Charles Stanley Financial Solutions reported a trading loss before tax of £0.2 million and it is anticipated that a further book loss of approximately £0.4 million will arise on sale of the business. Completion is subject to FCA approval

For further information, please contact:

 

Charles Stanley

020 7149 6061

Joanne Vowles, Public Relations Manager

 

 

 

Redleaf Communications

020 7382 4730

Rebecca Sanders-Hewett

CScapitalmarkets@redleafpr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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