Rathbones shareholders give green light to Investec W&I merger

Results of AGM

Shareholders at Rathbones have voted in favour of the £839m merger with Investec Wealth & Investment.

At the company's annual general meeting today (23 June), 78.6% of shareholders voted on the approval of the M&A deal, with 94.4% voting for and 5.6% against, according to a regulatory filing. Rathbones-Investec W&I merger one step closer as FCA greenlights deal prospectus Rathbones, however, clarified that the merger was still subject to approvals and so far, no material adverse changes had occurred in either company. It will also require agreements from the Financial Conduct Authority and London Stock Exchange to admit the ordinary share element of the combined group's shares to t...