Potential acquisition of Web Financial Group
In relation to the information published in the media today, Allfunds hereby confirms that it is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement. No binding agreement has yet been reached. Allfunds is in the process of completing its confirmatory due diligence and negotiating the final terms of the transaction, including the purchase price of approximately €150 million. Allfunds will keep the market informed of any material developments in relation to this process.
For further information, please contact:
Allfunds Investor Relations
Global Head of Investor Relations
Tel: +34 91 274 64 00
Allfunds Media Relations
Global Head of Marketing & Comms
Tel: +34 691 369 407
Important Legal Information
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Announcement authorised for release by Marta Oñoro, General Counsel.