'Overwhelming' support for R&M reverse takeover

AssetCo’s reverse takeover has received 100% shareholder support at its AGM

Lauren Mason
clock • 1 min read
River and Mercantile Group is headquartered on Coleman Street in the City of London.
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River and Mercantile Group is headquartered on Coleman Street in the City of London.

AssetCo’s reverse takeover of River and Mercantile Group (R&M) received 100% shareholder approval at its annual general meeting today (13 April), in what chief executive 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...

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