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Disposal

Wed, 6th May 2015 16:55

RNS Number : 4058M
Jardine Lloyd Thompson Group PLC
06 May 2015

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RNS version:

6 May 2015

JLT completes sale of stake in Siaci St Honoré

Following the announcement made on 13 February 2015, Jardine Lloyd Thompson Group plc ("JLT"), one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, can today confirm it has completed the sale of its 26.2% stake in Milestone, the holding company of Siaci St Honoré, JLT's French associate, to Ardian for a cash consideration of €110.5 million (approximately £80 million).

ENDS

Contacts

JLT Group

Paul Dransfield

Head of Group Corporate Communications

+44 20 7528 4935

Brunswick Group

Tom Burns/Dania Saidam

+44 20 7404 5959

Notes to Editors

About Jardine Lloyd Thompson Group plc

Jardine Lloyd Thompson is one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 39 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

http://www.jltgroup.com/

This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.

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