Benzinga | Nov 15, 2021 09:37AM EST

JMP Group Announces Shareholder Approval Of Merger

JMP Group LLC ("JMP Group") (NYSE:JMP), an investment banking and alternative asset management firm, announced today that the company's shareholders have approved at the special meeting of its shareholders (the "Special Meeting") held today all proposals related to JMP Group's previously announced Agreement and Plan of Merger, dated as of September 8, 2021 (as it may be amended from time to time, the "merger agreement"), among Citizens Financial Group, Inc. ("Citizens"), Jolt Acquisition LLC ("Merger Sub"), a Delaware limited liability company and a wholly-owned subsidiary of Citizens, and JMP Group (the "merger"), as well as the transactions contemplated by the merger agreement, including the merger of Merger Sub with and into JMP Group.

Approximately 68% of the votes cast at the Special Meeting voted to approve the merger. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission.

The closing of the merger is anticipated to take place on November 15, 2021, subject to the satisfaction of certain customary closing conditions or the waiver thereof.