IFG move on UK approved

The way has been opened for financial services firm IFG to make UK acquisitions following the approval by shareholders at an e.g.m.

yesterday of plans to raise £20 million sterling in seven-year notes, which have equity warrants attached. It is understood the entire £20 million was provided by a single British institutional investor, Prudential M&G. The notes have warrants attached which allow the holders to acquire 4.35 million IFG shares at €3.75 each - equivalent to just under 7 per cent of the current share capital.