Intrinsic's Lighthouse acquisition receives court approval

£4m of share options exercised today

Julian Marr
clock • 1 min read

The scheme of arrangement through which the £42.2m acquisition of Lighthouse Group by Quilter and its advice arm Intrinsic Financial Services is being implemented has today received the necessary court approval.

According to Lighthouse, the scheme will become effective once the court order has been delivered to the Registrar of Companies, which is expected to take place on Wednesday (12 June). "Dealings in Lighthouse shares will be suspended with effect from 7.30 a.m. on 12 June 2019," the company said in a statement. "Subject to the scheme becoming effective, it is expected the admission to trading of Lighthouse shares on AIM will be cancelled at 7.00am on 13 June 2019. A further announcement will be made when the scheme has become effective." Exercise of options Once the court had sanctio...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

The Penny Group takes majority stake in £350m AUM advice firm

The Penny Group takes majority stake in £350m AUM advice firm

Will integrate with Harridge Financial Services over a three-year timeframe

Isabel Baxter
clock 21 November 2025 • 2 min read
Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Interim results for the six months to 30 September

Jenna Brown
clock 18 November 2025 • 2 min read
FSCS deposit protection limit to rise to £120,000

FSCS deposit protection limit to rise to £120,000

Up from current limit of £85,00 following PRA announcement

Isabel Baxter
clock 18 November 2025 • 2 min read