Harwood Wealth Management Group PLC Acquisition of Castleton Financial Planning (6522P)

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RNS Number : 6522P

Harwood Wealth Management Group PLC

11 February 2019

11 February 2019

Harwood Wealth Management Group Plc

("Harwood Wealth", "Harwood" or the "Group")

Acquisition of Castleton Financial Planning

Harwood Wealth Management Group (AIM:HW.), a leading UK based financial planning and discretionary wealth management business, announces it has exchanged contracts to purchase the trade of Castleton Financial Planning, an independent Financial Advisory firm. The purchase price is expected to be c. GBP1.6m, payable 50% on completion (expected to be in April 2019) and a further two instalments of 25% and 25% which are due to be paid on the first and second anniversaries of completion, contingent upon results.

Peter Mann, Chairman of Harwood Wealth Management Group said:

"The acquisition of Castleton is our second this financial year, and in line with our strategy has a strong cultural fit to the Group. It is very pleasing to have started 2019 with the purchase of two quality businesses, and we continue to see a healthy pipeline of opportunities available to us."

For further information please contact:

 
Harwood Wealth Management Group plc 
 Alan Durrant, Chief Executive Officer   [phone] 
N+1 Singer Advisory LLP 
 Shaun Dobson 
 James White 
 Ben Farrow 
 Rachel Hayes                            [phone] 
Alma PR                                  [phone] 
 Rebecca Sanders-Hewett                   [e-mail] 
 Susie Hudson 
 

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February 11, 2019 06:59 ET (11:59 GMT)