AssetCo AGM: 'Overwhelming' support for River and Mercantile reverse takeover

Following the announcement from AssetCo's board and the independent directors of R&M in January this year, an agreement was reached that an all-share acquisition would take place, with full details published by R&M last month. Today, AssetCo shareholders cast more than 6 million votes, both on the acquisition itself and to authorise the company directors to allot ordinary shares in the capital of the company - or to grant rights to convert any security into ordinary shares - up to the amount of £624,448.80. In both instances, a total of 6,149,007 shareholders voted in favour of the pr...