JTC PLC (LSE:JTC) agreed to acquire Ballybunion Capital Limited from Patrick O'Sullivan on September 21, 2021. The initial consideration will be settled in cash and JTC equity. A further deferred consideration is available on the achievement of performance targets in the current year. In the financial year ending 30 June 2020, Ballybunion delivered revenue of €1.8 million. Patrick O'Sullivan, will remain with JTC in a leadership role focused on the development of its Irish funds business internationally, especially in North America. All Ballybunion's management and other staff will join JTC, becoming part of the Institutional Client Services (ICS) Division, led by Jon Jennings. The transaction is subject to change of control and final regulatory approvals. The transaction is expected to complete by year end. As of December 02, 2021, JTC received all applicable change of control and regulatory approvals. Applications have been made to the Financial Conduct Authority and London Stock Exchange plc, respectively, for 77,225 new ordinary shares, being the Share Consideration, to be admitted to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange. It is expected that Admission will become effective and dealings in the Shares will commence at 8.00am on 7 December 2021.

JTC PLC (LSE:JTC) completed the acquisition of Ballybunion Capital Limited from Patrick O'Sullivan on December 2, 2021.