On July 23, 2009, the board of Astaire Group Plc announced that Astaire had acquired Ruegg & Co Limited, a niche corporate finance adviser focussed on AIM and PLUS corporate clients. It is authorised and regulated by the FSA and is currently authorised to act as a nominated adviser for AIM by the London Stock Exchange and as a PLUS corporate adviser by PLUS Markets Group.

Consideration for the purchase of the entire issued share capital of Ruegg was £315,000 satisfied by the issue of 6,000,000 new ordinary shares credited as fully paid at 5.25 pence per share and a cash payment in respect of net assets in excess of £25,000 on completion. Such cash consideration is expected to be in the region of £334,000. Application was made for the consideration shares to be admitted to trading on AIM and admission took place on July 29, 2009.

Astaire was advised in this transaction by Nigel Gordon, Fiona Wheatley and trainee solicitor Raymond Xu of Fasken Martineau.