News

Smith & Williamson’s Merger with Tilney Group Receives Court Approval

  • Written By: Ben Mitchell
  • Published: Thu, 06 Aug 2020 17:30 GMT

We are delighted to announce that the Court has now sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 pursuant to which Tilney Group Limited and Symmetry Topco Guernsey Limited will acquire the entire issued and to be issued share capital of the Company. Capitalised terms used but not defined in this announcement have the meanings given to them in the Supplementary Circular dated 6 July 2020.

Both firms will now spend the next few weeks finalising pre-merger preparation and integration steps to ensure a smooth transition and completion of the transaction.

As announced on 31 July 2020, the Surplus Capital Distribution is expected to be paid on 28 August 2020, the Scheme Record Time is expected to be 6pm on 28 August 2020 and the Effective Date is expected to be 1 September 2020.

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