WH Ireland Group shareholders have not approved the resolution for Oberon Investments (Oberon) to complete its proposed purchase of its wealth business at this stage.
This update came a day after a group of investors have moved to block the £1m sale of WH Ireland's wealth arm to Oberon Investments on Wednesday (8 October), ahead of the extraordinary general meeting on Thursday (9 October). Shareholders accounting for more than half of WH Ireland's stock were expected to vote against the deal at the EGM. Following WH Ireland Group's general meeting, shareholders did not approve the resolution required to complete the transaction at this stage. In the update, Oberon stated that notwithstanding the outcome of the vote, it confirmed that the asset pur...
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