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IN BRIEF: JTC firms acquisition of Buck UK & European Share Plan

ALN

JTC PLC - Jersey-based professional services company - Confirms completion of acquisition of the Buck UK & European Share Plan Administration & Trustee businesses from Arthur J. Gallagher & Co following receipt of regulatory approvals. Buck Share Plans, which has operations in the UK, Guernsey and Germany, provides fully outsourced administration and trustee services to a blue-chip global client base, ‘covering a full range of employee share plans.’

JTC adds: ‘Buck Share Plans accelerates the growth of the group’s share plan trustee and administration service offering, as well as brings with it an existing book of high-quality, long-standing blue-chip clients, and an experienced, client focused and committed team across the UK, Guernsey and Germany.’

Current stock price: 1,028.00 pence

12-month change: up 53%

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