Investment firm Blackrock has taken a 3.3 per cent stake in platform Nucleus following the business’ recent listing on AIM.
According to the platform’s admission document, vertically integrated firm, Sanlam still holds the majority stake in Nucleus, therefore maintaining the 52.2 per cent held prior to Nucleus’ AIM admission.
Sanlam chief executive Jonathan Polin sits on the Nucleus board.
Nucleus IFA Company, the vehicle for adviser shareholders in Nucleus, has therefore been dissolved. A Nucleus spokesman says advisers have either kept their shares, sold down or sold their entire holdings in the company.
Further details on Nucleus’ admittance to AIM can be found in this Gunner & Co. article :
https://www.gunnerandco.com/index.php/2018/07/26/nucleus-floats-on-aim-with-market-capitalisation-of-139m/U
