JTC PLC LS-,01 Aktie

The UK financial regulator FCA has temporarily suspended the ordinary shares of JTC PLC from the official listing with effect from today at 07:30 GMT. The suspension was made at the company’s request; the FCA gave no information on the reasons or the expected duration of the trading interruption. Affected are fully paid ordinary shares with ISIN JE00BF4X3P53. » Altro su de.investing.com

Permira Advisers and CPPIB, via their vehicle Papilio Bidco, have satisfied all regulatory approvals for the takeover of JTC. Shareholders had already approved the plan in January; competition clearances in Austria, the US and Germany are in place. A court hearing is scheduled for 19 August, and completion of the transaction is expected on 20 August, subject to court approval and other conditions. Trading in JTC shares is to be suspended on 20 August. » Altro su de.investing.com

JTC reports that its business development for the first half of 2026 was in line with management expectations and states it has completed the integration of the acquisitions of Citi Trust and Kleinwort Hambros Trust. The takeover agreement by Papilio Bidco Limited at £13.40 per share (enterprise value around £2.7bn) was approved by shareholders; completion is expected in the third quarter of 2026, subject to regulatory approvals. JTC says it is well positioned for demand for trustee and fund services and plans further growth through organic expansion and acquisitions. » Altro su de.investing.com