WH Ireland shares surged 150% as over half shareholders likely reject £1M sale to Oberon due to low price and governance concerns.

WH Ireland shares jumped 150% as preliminary proxy votes showed major shareholders, including TFG Asset Management and entrepreneur Hugh Osmond, are likely to reject the £1 million sale of its wealth management arm to Oberon Investments. Over half the company’s shares are expected to oppose the deal, citing concerns over the low price and governance issues. The outcome hinges on an October 9 general meeting, with no disclosure on potential alternative buyers or client details. The situation highlights growing investor skepticism over corporate decisions in UK financial firms.