StockMarketWire.com - Cenkos Securities on Wednesday completed the acquisition of the Nominated Adviser and Corporate Broker business of Smith & Williamson.

Following the completion of the acquisition 12 clients of the Business had transferred across to Cenkos, the company said.

Under the terms of the deal, first announced in August, Cenkos agreed to pay Smith & Williamson deferred consideration equal to 20% of all corporate finance fees earned by the business from existing clients transferring to Cenkos during the 12 months following completion.

The agreement contained a cap on deferred consideration of £2m.


At 8:38am: [LON:CNKS] Cenkos Securities PLC share price was 0p at 62.5p



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