Camellia PLC Update on Duncan Lawrie (0453D)
22 April 2017 - 2:03AM
UK Regulatory
TIDMCAM
RNS Number : 0453D
Camellia PLC
21 April 2017
Camellia Plc
Update on the sale of Duncan Lawrie Asset Management
As announced on 19 December 2016, Duncan Lawrie entered into an
agreement, subject to regulatory approval, to sell Duncan Lawrie
Asset Management to Brewin Dolphin Limited, a subsidiary of Brewin
Dolphin Holdings Plc, for a cash consideration of GBP28.0
million.
Camellia is pleased to confirm that the Financial Conduct
Authority ("FCA") has given regulatory approval for the change of
control envisaged by the transaction.
The transaction remains subject only to FCA approval of a number
of controlled functions, including the new board of directors, and
is expected to complete in May 2017 in accordance with the
timeframe outlined in the approved change of control
submission.
This announcement contains inside information for the purpose of
Article 7 of the Market Abuse Regulation (EU) N0. 596/2014.
Enquiries
Camellia Plc 01622 746655
Tom Franks, CEO
Susan Walker, CFO
Panmure Gordon 020 7886 2500
Nominated Adviser and Broker
Andrew Godber
Erik Anderson
James Greenwood
This information is provided by RNS
The company news service from the London Stock Exchange
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April 21, 2017 12:03 ET (16:03 GMT)
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