Update re Rowan Dartington
11 November 2010 - 4:00AM
UK Regulatory
TIDMEVOL TIDMASTR
RNS Number : 9823V
Evolve Capital PLC
10 November 2010
10 November 2010
Evolve Capital plc
("Evolve" or the "Company")
Update re Rowan Dartington
The Board of Evolve notes the announcement released earlier today by Astaire
Group PLC ("Astaire") providing an update on Astaire's negotiations on a change
in ownership and management control of Rowan Dartington Limited, Astaire's
private client wealth management division.
Evolve has a 53.6 per cent. interest in the issued share capital of Astaire.
The full text of the announcement released by Astaire is set out below.
For further information please contact:
+---------------------------------------------+----------------------+
| Evolve Capital plc | |
| Oliver Vaughan, Chairman | Tel: 020 7937 4445 |
| | |
+---------------------------------------------+----------------------+
| Allenby Capital Limited | |
| Nick Naylor | Tel: 020 3328 5656 |
| Nick Athanas | |
+---------------------------------------------+----------------------+
AstAIrE Group PLC
Update re Rowan Dartington
For immediate release
10 November 2010
Further to the strategic update announcement made on 31 August 2010 and the sale
of Astaire Securities announced on 15th October 2010, Astaire Group PLC can
confirm that its negotiations regarding a change in ownership and management
control of Rowan Dartington Limited, its private client wealth management
division and its principal remaining operating asset, are at an advanced stage.
Any such change of control will be subject to shareholder and regulatory
approvals.
The Board of Rowan Dartington welcomes the potential change in ownership
and believes it will enable the company to continue its growth and
transformation.
James Hutson, the current CIO, has taken the decision to leave the company
prior to completion of the transaction. No further changes to the management
team are expected prior to the transaction being completed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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