Anexo Group plc (LON:ANX), the specialist integrated credit hire and legal services provider, has announced that following the initial acquisition by DBAY Advisors Limited of 9.9% of the issued share capital of the Group as announced on 12 November 2020, regulatory approvals from the Financial Conduct Authority and the Solicitors’ Regulatory Authority have been obtained. Consequently, on 2 March 2021 DBAY completed the acquisition of an additional 19.1% shareholding in the Group, resulting in an aggregate stake of 29%.
Information relating to the sale of shares to DBAY over the two tranches and the resulting holdings for Alan Sellers, Samantha Moss and Valentina Slater is provided in the table below:
| Ordinary Shares transferred to DBAY | Resulting holding | Percentage of issued share capital | ||
| Shareholder | Tranche 1 | Tranche 2 | ||
| Alan Sellers | 5,150,100 | 9,936,051 | 20,028,165 | 17% |
| Samantha Moss | 5,291,703 | 10,209,244 | 20,578,843 | 18% |
| Valentina Slater | 1,042,198 | 2,010,705 | 4,052,991 | 3% |
Anexo Group is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group’s Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.
