AssetCo plc (AIM:ASTO) agreed to acquire Saracen Fund Managers Ltd. £2.8 million on May 14, 2021. The consideration of £2.75 million will be satisfied by the issue of 166,904 new ordinary shares of 10p each in the Company, fully paid (the "Consideration Shares") and £664,774 in cash, in each case to be paid on completion. Following completion of the Acquisition, Saracen will continue to operate from Edinburgh under the Saracen brand. Martin Gilbert and Peter McKellar, Directors of AssetCo, will join the board of Saracen on completion. Saracen operates from an office in Rutland Square, Edinburgh, and has five full time employees, all of whom will enter new employment contracts on completion. The acquisition is conditional on, approval by the FCA to the change of controller and the admission of the Consideration Shares to trading on AIM, which is expected to occur by the end of September 2021. John Llewellyn-Lloyd, Dan Gee-Summons and Nick Wrigh of Arden Partners plc (AIM:ARDN) acted as financial advisor for AssetCo plc. AssetCo plc (AIM:ASTO) completed the acquisition of Saracen Fund Managers Ltd. on July 30, 2021. The conditions pertaining to the Acquisition have been satisfied.