Origo Partners plunges as Brooks Macdonald files claim
Shares in Origo Partners plunged 15% after Brooks Macdonald Asset Management said it has filed a claim against it over a clause in the company’s Articles of Association related to the conversion of preference shares.
Brooks Macdonald Group
1,880.00p
16:40 19/04/24
4.59%
82.50p
Financial Services
14,075.11
17:09 19/04/24
-0.63%
-89.84
FTSE AIM 100
3,595.66
17:08 19/04/24
n/a
n/a
FTSE AIM 50
3,943.93
17:08 19/04/24
n/a
n/a
FTSE AIM All-Share
745.67
17:08 19/04/24
n/a
n/a
Origo Partners
0.08p
16:59 27/05/22
0.00%
0.00p
It said it hopes that a consensual resolution can be reached with Origo on this matter.
Origo Partners confirmed later on Tuesday that Brooks Macdonald had notified the company of a claim and said it was giving “serious consideration” to the concern raised by Brooks.
Origo said it remains committed to attempting to work with Brooks to achieve a mutually-acceptable resolution.