Last checked at 22 Jun 2015 16:59
22 June 2015
European Wealth Group Limited
("European Wealth" or "the Company")
Acquisition Update and Issue of Equity
European Wealth (AIM: EWG, EWGL), the fast growing wealth management group, 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 88,014 new ordinary shares of 5p each ("Ordinary Shares") in European Wealth at a price of 88.5p per share and by payment of £38,500 in cash.
Application has been made for the Ordinary Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on or around the 24 June 2015 ("Admission").
Following Admission, the Company will have in issue 22,379,585 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 22,379,585.
The above figure 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