AGF Management Limited (AGF) Confirms Shareholder Vote and FCA Approval of Smith & Williamson Merger
TORONTO, July 31, 2020 (GLOBE NEWSWIRE) — Further to the announcement made June 1, 2020, AGF Management Limited (TSX:AGF.B) confirms that Smith & Williamson shareholders have voted and approved the merger between Tilney and Smith & Williamson creating one of the U.K’s leading integrated wealth management and professional services group.
Further, the Financial Conduct Authority (FCA) have approved the merger. All relevant third-party conditions to complete the merger, including the FCA condition, have now been satisfied. Smith & Williamson will now seek the U.K. High Court’s sanction of the merger at a hearing on August 6, 2020. Subject to the Court sanctioning the merger at the hearing on August 6, 2020, the transaction is now expected to complete on September 1, 2020.ABOUT AGF MANAGEMENT LIMITED