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

Private assets in wealth management: The time for talking is over

Private assets in wealth management: The time for talking is over

'The first barrier to adoption is accessibility through existing infrastructure'

Russell Andrews
clock 08 December 2025 • 4 min read
China: Beyond trade tensions and tariffs

China: Beyond trade tensions and tariffs

'So what do you think about China?'

Gabriel Sacks
clock 05 December 2025 • 4 min read
As good as... Should investors rely on gold to protect portfolios during market dips?

As good as... Should investors rely on gold to protect portfolios during market dips?

'Gold is often bought more on hope than expectation'

James Flintoft
clock 04 December 2025 • 3 min read