PLC News 2012
17 January 2012
FSA Approves Acquisition of Arbuthnot Securities
Westhouse Holdings PLC ("Westhouse" or the "Group") (LSE: WHL), the corporate and institutional stockbroking group, is pleased to announce that, following the announcement of the exchange of contracts to acquire Arbuthnot Securities Limited ("Arbuthnot Securities"), the investment banking subsidiary of Arbuthnot Banking Group PLC (LSE: ARBB) on 18 November 2011, the Financial Services Authority ("FSA") has today provided regulatory approval for the transaction to proceed.
Completion of the transaction is due to take place on 20 January 2012.
|Westhouse Holdings PLC|
|Christopher Getley, Chief Executive||Tel: +44 (0) 20 7601 6103|
|Smith & Williamson Corporate Finance Limited|
|Azhic Basirov / David Jones||Tel: +44 (0) 20 7131 4000|
|Tim Grey||Tel: +44 (0) 20 7520 9455|
Notes to editors
Westhouse Holdings PLC
Westhouse is a corporate and institutional stockbroking group with particular sectoral expertise in natural resources, investment funds, UK industrial and environmental technology. Regionally the Group's clients have significant exposure in Europe, Africa, Central Asia and China. Through its subsidiary Smith's Corporate Advisory, Westhouse has a strong focus on widening share ownership for quoted companies of all sizes.
Westhouse Securities is authorised and regulated by the FSA, is a member of the London Stock Exchange, a NOMAD for AIM listed companies and a Sponsor of Official List companies. Smith's Corporate Advisory is authorised and regulated by the FSA.