The Ardonagh Group announces release of Shareholder Written Resolution - October 2018
29 October 2018
The Ardonagh Group announces the release of a Shareholder Written Resolution relating to an acquisition of assets with a Fair Market Value (as defined in the SHA) exceeding £15 million, the issue of Equity Interests (as defined in the SHA) as the consideration for such acquisition, the subsequent conversion of such Equity Interests into New Shares (as defined in the SHA) and the resulting allotment, issuance and creation of the New Shares.
Notes to Editors
THE ARDONAGH GROUP
The Ardonagh Group is the UK’s largest independent insurance broker with global reach. We are a network of over 100 office locations and a workforce of almost 6,000 people. The Ardonagh Group was created in June 2017, bringing together Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate, with the additional acquisitions of Healthy Pets in August 2017, and Carole Nash and Mastercover announced in December 2017. Our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver solutions that meet our customer needs.
For more information, please email: ardonagh@powerscourt-group.com
Latest announcements
Ardonagh to acquire Australian-headquartered and ASX-listed PSC Insurance Group in landmark A$2.3 billion transaction
The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s largest independent insurance broking platforms, today announced it has entered into a Scheme Implementation Deed (“SID”) to acquire all of the issued ordinary shares in PSC Insurance Group Limited (ASX:PSI) (“PSC”) for A$6.19 in cash per PSC Share pursuant to a scheme of arrangement.
Ardonagh to acquire Italian commercial lines business Mansutti S.r.l
The Ardonagh Group (“Ardonagh”) today announces it has agreed to acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker, Mansutti S.p.A.