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Acquisition of JMD Specialist Insurance Services Group Limited
Thursday 21st January 2010
Randall & Quilter Investment Holdings plc (‘R&Q’ or the ‘Group’) is pleased to announce that it has acquired the entire issued share capital of JMD Specialist Insurance Services Group Limited (“JMD”) from the existing JMD management team and B.P. Marsh & Partners Plc (“B.P. Marsh”). The total consideration paid is £2,011,250, comprising of £1,312,500 in cash and the allocation of 650,000 existing R&Q ordinary shares currently held on behalf of the Group’s Employee Benefit Trust.
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