Lighthouse Group plc (AIM: LGT) announces that, in the light of the announcement made earlier today by Intrinsic Financial Services Limited of a recommended firm intention to make a cash offer for the entire issued and to be issued share capital of the Company (the "Acquisition"), it has been agreed that Richard Last, having previously announced his intention to stand down as a director and Chairman of the Company after the conclusion of the Lighthouse Annual General Meeting on 1 May 2019, will remain as a director and Chairman of the Company until the Acquisition process has been concluded.
For the avoidance of doubt, Richard Last will resign as a director and Chairman of the Company once the Acquisition has been completed.
Lighthouse has been listed on AIM since 2000 as an integrated financial services company for investors, coupled with significant scale in terms of distribution through financial advisers and wealth managers and its fully diversified business model.
As one of the UK's largest autonomous financial advice and wealth management groups, Lighthouse provides a comprehensive range of services to businesses and individuals and is retained by most of the major trades unions and other affinity groups to advise their combined memberships of over 6 million members.
The Group aims to increase its relationships with, and the benefits it derives from, its affinity group and professional partners.
In addition to a wide range of financial advice, the Group has developed innovative products to meet the specific needs of its retail and corporate customers.
Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton.
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