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

100% shareholder approval

Lauren Mason
clock • 1 min read

AssetCo’s reverse takeover of River and Mercantile Group received 100% shareholder approval at its annual general meeting today (13 April), in what CEO Martin Gilbert has called a display of “overwhelming support”.

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...

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 Investment

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read