Lighthouse asks shareholders to vote on £42m Intrinsic cash offer

Needs 75% of shareholder value to pass

Tom Ellis
clock • 3 min read

Financial advice firm Lighthouse has put Intrinsic's £42m cash offer to buy the firm to a shareholder vote.

For the deal to go through it will require at least 75% of the shareholder value present at the meeting to vote in favour of the offer.  The acquisition, Lighthouse said, is expected to be effected through a Court-sanctioned scheme of an arrangement between the firm and Lighthouse Scheme Shareholders. The firm added: "It is important that, for the Court Meeting, as many votes as possible are cast so that the court may be satisfied that there is a fair and reasonable representation of Lighthouse Scheme Shareholder opinion." Shareholders who wish to have their say on the deal have un...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Tatton sees AUM up 24% to £21.8bn as chair announces retirement

Tatton sees AUM up 24% to £21.8bn as chair announces retirement

For year ended 31 March 2025

Jen Frost
clock 15 April 2025 • 3 min read
Benchmark buys remaining minority stake in Oculus

Benchmark buys remaining minority stake in Oculus

Network was acquired by Benchmark in 2022

Isabel Baxter
clock 14 April 2025 • 1 min read
AAB Wealth acquires planning firm Mangus Wealth

AAB Wealth acquires planning firm Mangus Wealth

Adding £650m in assets

Isabel Baxter
clock 14 April 2025 • 2 min read