3/16/2024 0 Comments Icap tullettThe maximum amount of new shares to be issued is 325,426,232 which includes an allocation for up to 15,111,936 additional new shares of Tullett Prebon in connection with the deal. Join the iFX EXPO Asia and discover your gateway to the Asian MarketsĪs part of the deal, Tullett Prebon has agreed to issue new Tullett Prebon shares comprising 56 per cent of the company’s share capital. The ownership of both firms has been siding with the management overwhelmingly with more than 94 per cent of Tullett Prebon’s shareholders voting for the deal, while over 95 per cent of the voters at ICAP approved of the transaction. The ICAP voice broking unit transaction was presented to shareholders of both firms on the 1st of March after an official announcement was made by the companies in November last year. The shareholders of both ICAP plc and Tullett Prebon plc have overwhelmingly approved the reverse takeover deal between the companies.
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