Last checked at 23 Dec 2014 07:00
23 December 2014
European Wealth Group Limited
("European Wealth", or "the Company")
Acquisition Update and Issue of Equity
The Board of European Wealth (AIM: EWG, EWG), the expanding UK wealth management group, today announces that it has made the following award to Mr Peter Mullins (the "Payment") pursuant to the agreement for the acquisition of Bradley Stuart, dated 18 October 2012 (the "Bradley Stuart Acquisition").
The Payment is being satisfied through the issue of 943,750 new ordinary shares of 5p each ("Ordinary Shares") in European Wealth at a price of £1.00 per share and the issue of 70,625 convertible loan stock of £10 each quoted on AIM ("CLS") in European Wealth.
Application has been made for both the Ordinary Shares and convertible loan stock to be admitted to trading on AIM and admission is expected to occur at 8:00am on 9 January 2015 ("Admission").
Following Admission, the Company will have in issue 19,764,476 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 19,764,476.
The Company also has 422,875 of CLS of £10 each. The total number of CLS with voting rights is 422,875.
The above figures may be used by Shareholders in the Company as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
For further details, please contact:
European Wealth Group Limited John Morton Rod Gentry
| Tel: +44 (0)20 7293 0733 www.europeanwealth.com
|
Panmure Gordon (UK) Limited (Nomad and Broker) Fred Walsh Alina Vaskina Ben Roberts
| Tel: +44 (0)20 7886 2500 |
GTH Communications Toby Hall | Tel: +44 (0)20 7822 7493 +44 (0)7713 341072
|
About European Wealth Group Limited
European Wealth Group Limited (AIM: EWG, EWGL).is the holding company for the fast growing wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA and were established to be RDR compliant from the outset, EIM opting for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices both in the UK and continental Europe. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com