Financial services group IFG says its shareholders have passed resolutions relating to a proposed acquisition and share placing.
An extraordinary general meeting of shareholders overwhelmingly backed IFG's acquisition of James Hay Holdings and a related placing and open offer of shares.
Last month, IFG announced plans to buy the UK pensions provider from Spanish bank Santander for £35m in cash. James Hay is the largest UK provider of self-invested personal pensions and has more than £8 billion SIPP assets under administration.
To fund the deal, IFG plans to raise around €50m through a share placing and open offer of shares.
