Magellan Financial Shareholders Approve Issuance of Consideration Shares to Barrenjoey in Merger

Magellan Financial Group (ASX:MFG) said its shareholders approved a resolution to issue consideration shares to the Barrenjoey parties and an affiliate of Barclays as part of a proposed merger at an extraordinary general meeting on Friday, according to a same-day filing with the ASX.Magellan had agreed to merge with Barrenjoey Capital Partners earlier in the year, and as consideration for the merger, it planned to issue 106.8 million consideration shares to the shareholders of Barrenjoey at completion.Around 92.28% of the votes cast at the meeting were in favor of the resolution.

-- Magellan Financial Group (ASX:MFG) said its shareholders approved a resolution to issue consideration shares to the Barrenjoey parties and an affiliate of Barclays as part of a proposed merger at an extraordinary general meeting on Friday, according to a same-day filing with the ASX.

Magellan had agreed to merge with Barrenjoey Capital Partners earlier in the year, and as consideration for the merger, it planned to issue 106.8 million consideration shares to the shareholders of Barrenjoey at completion.

Around 92.28% of the votes cast at the meeting were in favor of the resolution.