Business
Acquisition and Announcement of Results Date
Acquisition and Announcement of Results Date.
About this update from Investacc Group Limited
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\nLEI: 2549008KZ7HM27V4O637\n27 March 2025\nInvestAcc Group Limited\nAcquisition of AJ Bell's Platinum SIPP and SSAS business\nand\nAnnouncement of Results Date\nInvestAcc announces the second acquisition of its buy and build strategy with AJ Bell's Platinum SIPP and SSAS business, strengthening its position as a market leader in \"Full\" SIPP pension administration\nInvestAcc Group Limited (\"InvestAcc\", the \"Company\" or, together with its subsidiaries, the \"Group\"), a leading UK specialist pension administrator, is pleased to announce that it has agreed to acquire AJ Bell's Platinum SIPP and SSAS business (the \"Acquisition\"), the pension administration client books which form part of the AJ Bell non-platform business, for a maximum consideration of £25m.\nThe transaction is expected to complete in the second half of 2025 following the extraction, migration and integration of the Platinum SIPP and SSAS clients onto InvestAcc's platform (\"Completion\").\nIn addition, the Company expects to announce its results for the six months ended 31 December 2024 on 24 April 2025.\nMark Hodges, Executive Chairman of InvestAcc Group, commented: \"We are thrilled to announce the acquisition of the Platinum SIPP and SSAS businesses from AJ Bell. The Acquisition's high-net-worth client base, exceptional service proposition and strong financial performance make it a perfect strategic fit for InvestAcc. This significantly strengthens our position as a market leader in \"Full\" SIPP pension administration, allowing us to enhance our service offering while maintaining the highest standards of customer experience. This represents the second acquisition of a wider pipeline of both company and client book extraction opportunities under active review.\nWe look forward to collaborating with AJ Bell to ensure a seamless migration and integration of the Platinum SIPP and SSAS clients to our platform and to presenting the Acquisition opportunity as part our i...