On International Womenâs Day (8 th March), Punter Southall Aspire, a specialist in workplace savings, pensions and retirement planning, is urging employers to do more to support the financial wellbeing of their female employees as a new report from Insuring Womenâs Futures highlights women are falling behind in terms of pension savings and many other aspects of ⦠The Xafinity Punter Southall ... > Able to take ownership and responsibility for own work. Home. 51,846 Jobs. Social add links. The Open Offer is not a rights issue. Peter has thrived in intermediated Life, Pension and Investment distribution for 33 years, building strong, personal, profitable and enduring relationships with leading IFA's, Employee Benefit Consultancies and employers UK wide. (nn) time shall be of the essence as regards its obligations to settle payment for the Firm Placing Shares and/or Open Offer Shares comprised in its Placing Commitment and to comply with its other obligations under the Firm Placing and/or the Placing. The Enlarged Group would have a high profile in the pensions industry, which the Board believes may lead to an increase in the number of invitations and opportunities received by Xafinity to tender for services to trustees of DB Schemes for the provision of actuarial, administration and/or investment consulting services. Qualifying Shareholders are invited, subject to the terms and conditions of the Open Offer, to subscribe for Open Offer Shares pro rata to their holdings as at the Record Date at the Offer Price of 170 pence per share, payable in full in cash on application, free of all expenses, on the basis of: 1 Open Offer Share for every 13 Existing Ordinary Shares, in each case rounded down to the nearest whole number of Open Offer Shares. Since then, assets under management have grown to around GBP750m. Further details of the Acquisition and the Capital Raising, together with a notice convening a General Meeting to consider the Acquisition and the Capital Raising, will be contained in the combined class 1 circular and prospectus which is expected to be sent to Shareholders on or around 8 December 2017. The disposal of Xafinity's HR Trustees business as part of the consideration for the Acquisition removes a potential barrier to growth for Xafinity, because Xafinity's addressable market is reduced by HR Trustees' clients due to the potential conflict of interest that would or could arise if HR Trustees and Xafinity were to share a client. Legal Name. Punter Southall has been developing new ways to transform peopleâs financial future, since 1988. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu, You’re viewing 3 of 3 competitors. The rights attaching to the Open Offer Shares will be uniform in all respects and will form a single class for all purposes. 11 April 2019: Howden Forsikringsmegling AS, part of Howden Broking Group, today announced that it has acquired a majority share ownership in Norwegian Insurance Partner AS, an Employee Benefits broker, located in Bergen, Norway. Punter Southall Governance Services Limited is an active company incorporated on 14 February 1995 with the registered office located in London, Greater London. "), or in circumstances in which the prior consent of Liberum has been given to the offer or resale; (cc) if the Placee is within the United Kingdom, the Placee is (a) a person falling within (i) Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ". ") Punter Southall Group is a trading name of Punter Southall Group Limited. Punter Southall Group Limited is currently the largest shareholder, with 21% of shares outstanding. #ma #psigma Search Circulation manager jobs in London, England with company ratings & salaries. The role will involve supporting general queries and the client portal, coordinate and manage the new business and client on-boarding, ⦠Employee Wellbeing Research 2017 - Punter Southall Health ... 6 Views Share. Since 31 December 2016, the Target Group has continued to trade in line with the expectations of the Target Group's management, with continued revenue growth due to significant new client wins in the Pensions Administration Business, Summary of the key terms of the Acquisition, Acquisition Agreement and ancillary documents, In order to implement the Acquisition, the Company and PS Topco have entered into the Acquisition Agreement. 03/02/2012. For further information on the background to, and reasons for, the Acquisition, see paragraph. The contract to subscribe for Firm Placing Shares and/or Open Offer Shares (as applicable) and the appointments and authorities mentioned herein will be governed by, and construed in accordance with, English law. The proportion of the Company's share capital represented by the Earn Out Shares will depend on the number of Earn Out Shares issued (if any) in accordance with the Acquisition Agreement, and on the number of Ordinary Shares in issue at the time of such issue (which would take place following the publication of the 2019 Xafinity Accounts). EXCLUSIVE: Punter Southall Health and Protection has acquired employee benefits consultancy Enrich Reward. Subject to Completion, the Capital Raising Shares will represent approximately 20.2 per cent of the Enlarged Share Capital immediately following Admission of the Completion Shares. Subject to Completion, the Capital Raising Shares will represent approximately 20.2 per cent of the Enlarged Share Capital immediately following Admission of the Completion Shares. Member Elected Trustee Directors are usually elected for a term of four years but are able to stand for re-election. (c) By accepting the Placing Commitment, the Placee agrees and acknowledges that to the extent that other Placees who are Qualifying Shareholders and who qualify for Off-Set take up Open Offer Shares under the Open Offer and elect to reduce the number of Open Offer Shares for which they are obliged to subscribe under their Placing Commitment, the number of Open Offer Shares subject to clawback which form part of its Placing Commitment may be proportionately increased (although it will not exceed the maximum number of such Placing Shares for which it has agreed to subscribe). Punter Southall Group 5.0 London WC2N We are looking for an experienced *Client Services Assistant * who will have ownership of core administration tasks and will contribute to ⦠The Open Offer will proceed, subject to Shareholder approval of the Resolution to disapply pre-emption rights in relation to the allotment of the Open Offer Shares pursuant to the Placing and Open Offer, and to Shareholder approval of the other Resolutions, and subject to the other conditions of the Capital Raising being satisfied. The number of Firm Placing Shares issued to such Placee under the Firm Placing and/or Open Offer Shares issued to such Placee under the Placing (as applicable) shall be in accordance with the arrangements described above, subject to the provisions of paragraph 6, below, with respect to the Open Offer Shares. The Open Offer Shares to be issued under the Placing are subject to clawback to satisfy valid applications received from Qualifying Shareholders under the Open Offer and, at the discretion of Liberum (in consultation with the Company and Zeus Capital) under the Excess Application Facility. Subject. Sanlam UK has sold its 21.6 per cent stake in wealth management business Punter Southall in a management buyout, bringing the firm back under full independent ownership.Punter Southall ⦠Application will be made for the Capital Raising Shares to be admitted to listing on the premium segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities. The Placing will proceed, subject to Shareholder approval of the Resolution to disapply pre-emption rights in relation to the allotment of the Open Offer Shares pursuant to the Placing and Open Offer and to Shareholder approval of the other Resolutions, and subject to the other conditions of the Capital Raising being satisfied. Punter Southall Group takes full ownership of PSigma Asset Management. JONATHAN DOMINIC PUNTER, director, 14 Jul 1993 - KENNETH JOHN MCKELVEY, director, 25 Mar 2009 - MAYA BATHEJA, director, 1 Nov 2001 - STUART MALCOLM SOUTHALL, director, 14 Jul 1993 - Inactive Directors / Officers. per cent of the Company's Enlarged Share Capital following the completion of the Capital Raising and Completion; the transfer (pursuant to the Disposal Agreement) by Xafinity Consulting to PS Topco of the entire issued share capital of HR Trustees at an agreed value, for the purposes of such transfer, of £. It may be appropriate to either reduce mortgage debt, or transfer ownership to a spouse if they pay a lower rate of tax. Her response prompted a blast from the past. Phone 4402033275000 . Although the Disposal is conditional on Completion, it does not, of itself, require the approval of Shareholders. 2017 Trends in Global Employee Engagement - Aon. the admission of the Firm Placing Shares and the Open Offer Shares by the UKLA to listing on the premium segment of the Official List and by the London Stock Exchange to trading on the Main Market; the admission of the Completion Shares by the UKLA to listing on the premium segment of the Official List and by the London Stock Exchange to trading on the Main Market; the Existing Facilities Agreement as amended and restated on 7 December 2017; a day (not being a Saturday, Sunday or public holiday) on which banks are generally open for business in London, United Kingdom; the Firm Placing and the Placing and Open Offer; the Firm Placing Shares and the Open Offer Shares; a share or other security (as appropriate) not in uncertificated form (that is, not in CREST); the closing middle market quotation of an Existing Ordinary Share as derived from SEDOL; completion of the Acquisition in accordance with the terms of the Acquisition Agreement; the Completion Shares and, if any, the Earn Out Shares; the computerised settlement system operated by Euroclear to facilitate the transfer of title to shares in uncertificated form; has the meaning given to it in the notes to the Notice of General Meeting; Deloitte Corporate Finance, a division of Deloitte LLP; the Xafinity Directors and the Proposed Directors; the proposed sale of the entire issued share capital of HR Trustees, pursuant to the Disposal Agreement; the agreement dated 7 December 2017 between PS Topco and Xafinity Consulting pursuant to which Xafinity Consulting conditionally agreed to sell the entire issued share capital of HR Trustees; up to 6,134,969 new Ordinary Shares proposed to be issued by the Company after Completion, conditional upon the deferred consideration mechanism in the Acquisition Agreement; the Xafinity Group as enlarged by the Acquisition and the proceeds of the Capital Raising (following Completion, Admission of the Capital Raising Shares and Admission of the Completion Shares, as applicable); the Ordinary Shares in issue in the capital of the Company following the Admission of the Capital Raising Shares and/or the Admission of the Completion Shares, as the context requires; the facility for Qualifying Shareholders to apply for Excess Shares in excess of their Open Offer Entitlements; in respect of each Qualifying Shareholder who has taken up his Open Offer Entitlement in full, the entitlement (in addition to the Open Offer Entitlement) to apply for Excess Shares, up to the number of Open Offer Shares, pursuant to the Excess Application Facility, which may be subject to scaling-back in accordance with the terms of the Prospectus; Open Offer Shares which may be applied for in addition to Open Offer Shares applied for pursuant to Open Offer Entitlements; means each of Australia, Canada, Japan, South Africa and the United States, together with any other jurisdiction where the availability of the Capital Raising would breach any applicable laws or regulations and "Excluded Territory" shall mean any of them; the executive Directors of the Company from time to time; the secured credit facility with HSBC Bank plc as sole lender entered into by the Company and certain other companies in the Xafinity Group on 24 January 2017; the 136,896,244 Ordinary Shares in issue at the date of this announcement; the UK Financial Conduct Authority (or any successor regulatory organisation); means any person that has conditionally agreed to subscribe for Firm Placing Shares; means the conditional placing of the Firm Placing Shares on the terms and conditions contained in the Sponsor and Placing Agreement; the 30,645,990 new Ordinary Shares which are to be issued pursuant to the Firm Placing; the Financial Services and Markets Act 2000, as amended from time to time; the general meeting of the Company proposed to be held in the Windsor Room at Phoenix House, 1 Station Hill, Reading, Berkshire RG1 1NB at 10.30 a.m. on 4 January 2018, to approve the Resolutions; Willis Towers Watson, Mercer and Aon Hewitt; the Company and its subsidiaries and subsidiary undertakings; the investment consulting business of the Target Group, conducted through PS Investment Consulting, as carried on at the date of the Prospectus; London Stock Exchange plc (or any successor organisation); the London Stock Exchange's Main Market for listed securities; means John Batting, David Watkins and Richard Thomas; the new debt facilities to be made available pursuant to the Amended Facilities Agreement; the new Ordinary Shares to be issued pursuant to the Firm Placing, the Open Offer or the Acquisition; the Directors other than the Executive Directors from time to time; the offer to Qualifying Shareholders constituting an offer to apply for the Open Offer Shares at the Offer Price on the terms and subject to the conditions set out in the Prospectus and, in the case of the Qualifying Non-CREST Shareholders, the Application Form; the pro rata entitlement of Qualifying Shareholders to subscribe for 1 Open Offer Share for every 13 Existing Ordinary Shares registered in their name as at the Record Date, on and subject to the terms of the Open Offer; the 10,530,480 New Ordinary Shares to be offered to Qualifying Shareholders pursuant to the Open Offer and to Placing Placees pursuant to the Placing; the ordinary shares of £0.0005 each in the capital of the Company; the pensions administration business of the Target Group, conducted through PSAHL and PS Administration Limited, as carried on at the date of the Prospectus; the pensions transactions advice business of the Target Group; the four B ordinary shares of £0.01 each in the capital of Punter Southall Limited; the conditional placing of the Open Offer Shares at the Offer Price to Placees in accordance with the terms of the Sponsor and Placing Agreement, subject to clawback to satisfy valid applications by Qualifying Shareholders under the Open Offer; any person who has agreed or shall agree to subscribe for Open Offer Shares pursuant to the Placing, subject to clawback to satisfy valid applications by Qualifying Shareholders under the Open Offer; John Batting and Jonathan Punter, who it is proposed will be appointed to the Xafinity Board with effect from Completion; PS Topco and its subsidiary undertakings (including, prior to Completion, the Target Group); Punter Southall Investment Consulting Limited; holders of Ordinary Shares on the register of members of the Company at the Record Date, excluding Overseas Shareholders with a registered address, or which are resident, in any Excluded Territory; Regulation D under the US Securities Act; Regulation S under the US Securities Act; the resolutions set out in the Notice of General Meeting; the London Stock Exchange Daily Official List; a holder of Ordinary Shares from time to time; the conditional sponsor and placing agreement dated 7 December 2017 entered into between the Company, Deloitte, Zeus Capital and Liberum; Target Holdco and its subsidiaries and subsidiary undertakings as at the date of the Prospectus; the US Securities Act of 1933, as amended; "UK Defined Benefit Schemes" or "UK DB Schemes". Gripple is pleased to announce they feature in the Employee Ownership Top 50 Report as one of the fifty largest employee-owned companies in the UK, ranking at 19 in the list. In this scenario the Firm Placing would only relate to an investment in the Group and not an investment in the Enlarged Group. To explore Xafinity Punter Southall‘s full profile, request access. The Completion Shares (and, if any, the Earn Out Shares) will, when issued and fully paid, rank, Integration, management and employees following the Acquisition. the Company having complied with its obligations under the Sponsor and Placing Agreement that fall to be performed on or prior to Admission of the Capital Raising Shares; the Sponsor and Placing Agreement having become unconditional in all respects save for the conditions relating to Admission of the Capital Raising Shares, and not having been terminated in accordance with its terms; the Acquisition Agreement being entered into, becoming unconditional in all respects (other than conditions relating to Admission of the Capital Raising Shares, the Admission of the Completion Shares and the granting by the FCA of approval in relation to the change of control of PS Investment Consulting) and not having been terminated in accordance with its terms; the Amended Facilities Agreement being entered into, becoming unconditional in all respects (other than customary certain funds conditions and conditions relating solely to Admission of the Capital Raising Shares or Completion) and not having been terminated in accordance with its terms; Admission of the Capital Raising Shares becoming effective by not later than 8.00 a.m. on 5 January 2018 (or such later time and/or date as the Joint Bookrunners, the Sponsor and the Company may agree, being not later than 8.00 a.m. on 19 January 2018); and. Combined with Enrich Reward, Punter Southall Health and Protection Consulting (PSHPC) will now advise more than 670 employers, representing more than £100 ⦠The issue of the Capital Raising Shares is subject to the terms and conditions of the Sponsor and Placing Agreement. Subject to the above conditions, a Placee agrees to become a Shareholder and agrees to acquire Firm Placing Shares and/or Open Offer Shares (as applicable) at the Offer Price. Centre Asset Management is a large advisory firm with 12 clients and discretionary assets under management (AUM) of $545,400,000 (Form ADV from 2021-03-11). Together Howden Norway and NIP will join to become a top-five broker in the country and the market leader in Employee Benefits. PSigma Asset Management was formed in February 2007 as a joint venture - 50% owned by the founder partners and 50% by the Punter Southall Group. Ryan joined River and Mercantile Solution. 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