EWG European W.

TIDMEWG

RNS Number : 0641P

European Wealth Group Limited

23 May 2018

23 May 2018

European Wealth Group Limited

("EWG", the "Company" or the "Group")

Acquisition Update

European Wealth Group, the integrated wealth management group, today provides a further update on its proposed acquisition of Newbridge Corporation ("Newbridge").

The Board of EWG is pleased to announce that the US regulator, FINRA, has approved Newbridge's request for a change of ownership. EWG will now move to the final stages of its commercial due diligence on Newbridge, in order to assess whether the remaining (non-regulatory) closing conditions can be fulfilled to the Board's satisfaction, including a satisfactory final closing balance sheet and confirmation that there are sufficient provisions for all current and future liabilities identified since announcement of the proposed acquisition. There is no guarantee that the transaction will close.

EWG will provide an update when the process is complete.

For further details, please contact:

 
 European Wealth Group 
  Limited                    +44 (0)20 7623 2368 
 Marianne Ismail 
 Hugo Evans 
 
   finnCap Ltd (Nomad 
   and Broker)                 +44 (0)20 7220 0500 
 Adrian Hargrave 
 Scott Mathieson 
 
   Redleaf Communications      +44 (0)20 3757 6865; ewg@redleafpr.com 
   (for media) 
 Robin Tozer 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACQMMGZKFFDGRZM

(END) Dow Jones Newswires

May 23, 2018 09:16 ET (13:16 GMT)

European W. (LSE:EWG)
Historical Stock Chart
From Apr 2024 to May 2024

European W. (LSE:EWG)
Historical Stock Chart
From May 2023 to May 2024