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Last checked at 
9 Aug 2019 07:00
Gordon Dadds Group plc
("Gordon Dadds", the "Company" or the "Group")
Completion of review of future operations in Monaco
On 31 December 2018, the Group acquired the former Ince & Co LLP which included the firm's London, Beijing and Shanghai offices.
On 1 April 2019, the Group entered into new arrangements with the independent legal entities which were former Ince & Co network firms in Hong Kong, Singapore, Dubai, Greece and Germany and whose results will now be consolidated in the Group's results, while continuing to review its relationship with the former Ince office in Monaco.
The outcome of this review process is that the Group has concluded that the financial performance of its representation in Monaco can be improved by bringing in a new team. As a result, in future, the Monaco office, under the new team, will become part of the Group. The former Ince team will leave that firm shortly. There will be no compensation or any entitlement to deferred consideration payable to the former team from the Group.
As always the Group's goal is to provide clients with excellent service while also generating a proper return to its shareholders.
Ends
Enquiries:
Gordon Dadds Group plc investorrelations@gordondadds.com
Adrian Biles, Group Chief Executive
Christopher Yates, Chief Financial Officer
Arden Partners
Nominated Adviser and broker to the Company +44 (0) 20 7614 5900
John Llewellyn-LloydCiaran WalshFraser Marshall
Portland Communications +44 (0) 20 7554 1789
Steffan Williams gordondadds@portland-communications.com
Simon Hamer
Lauren Gallagher
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