press releases 2005 archive
30 December 2005
Director Shareholding
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10 October 2005
Integrated Asset Management Announces the Completion of the Sale of GAIM Paragon Israel to Clal Finance
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29 September 2005
Integrated Asset Management plc announces strong results for the 6 months ended 30 June 2005
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27 July 2005
Holding(s) in Company
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13 July 2005
Issue of Equity
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30 June 2005
Appointment of Broker
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09 June 2005
Integrated Asset Management Announces Subscription by and Joint Venture with Consensus Business Group
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Integrated Asset Management plc ("Integrated"), the AIM quoted alternative investment manager and institutional brokerage group, announces that it has entered into a joint venture arrangement with Consensus Business Group Ltd ("Consensus"), Vincent Tchenguiz's rapidly growing real estate and financial investment company.
Consensus has agreed to subscribe for 1,000,000 new ordinary shares of 20p each at 53p per share. This subscription is subject to the passing of resolutions disapplying statutory pre-emption rights at Integrated's AGM being held on 23 June 2005. In addition, Consensus indicated that it is intending to increase its holding, through market purchases, to an upper limit of 9.9% of Integrated's issued share capital.
This development allies Integrated with an established player in the financial and real estate field, provides an important strategic partner for Integrated's fund of hedge fund consolidation strategy, (highlighted in its year end results announced in May 2005) and broadens Integrated's investor base.
As part of the joint venture arrangement, Consensus expects to commence a commercial relationship with Integrated's institutional brokerage arm, Integrated Financial Products Ltd.
Emanuel Arbib, Chief Executive of Integrated commented: "The agreement with Consensus was finalised swiftly as we found we shared broadly similar views on the growth and potential for consolidation of the fund of hedge funds sector. I am confident that our partnership with Consensus will enhance our ability to execute on our stated plan and give us additional leverage to consolidate our market position and pursue our aggressive acquisition strategy going forward."
Vincent Tchenguiz, Chairman of Consensus Business Group Ltd commented: "Consensus is committed to developing value partnerships with innovative players in the alternative investment field. We look forward to supporting Integrated's management as it executes its strategy of consolidation in the hedge fund sector. Specifically, we deliver access to actuarial financial applications that can be applied in the hedge fund industry particularly as the hedge fund community is now looking at property for investment purposes. With this in mind, we look forward to working with some of the larger and more successful hedge funds in the industry. In addition, we are confident that there are significant synergies with Integrated across its range of alternative investment activities. We look forward to a growing partnership which will allow us to support these activities and achieve significant growth."
Consensus was founded in 2003. Its current interests include property, finance, fund management, human resources and technology.
For further information please contact:
Integrated Asset
Management
Emanuel Arbib
Tel: +44 (0)20 7514 0550 - Email: arbib@integratedam.com
For Consensus Business Group Ltd
Sean Bellew, DBA Limited
Tel: +44
(0)20 7930 8033
Mob: +44 (0) 7973 234 040
Email: nchl@nchl.demon.co.uk
Weber Shandwick
Ursula Delaney
Tel: +44 (0)20 70670708 - Email: UDelaney@WeberShandwick.com
Jeff
Watt
Tel: +44 (0)20 70670716 - Email: jwatt@webershandwick.com
Notes to Editors:
Integrated Asset Management plc
Integrated Asset Management plc is a
global financial services company listed on the Alternative Investment Market of
the London Stock Exchange. Integrated's core business is in alternative
investment products, innovative fund management and institutional brokerage
services. Integrated is owned by a mix of institutional shareholders, management
and private investors. The company, founded in 1997, currently has in excess of
$650 million assets under management and advice.
Consensus Business Group Limited
Consensus Business Group is a multi
faceted principal investor in a broad range of synergic activities, including
structured finance, the acquisition, management and development of
commercial/residential real estate and high-tech start-ups.
31 May 2005
Directorate Change
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18 May 2005
Director Shareholding
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17 May 2005
Director Shareholding
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