The merger of TTA and Worldchoice has been finalised.
Worldchoice shareholders will now receive a return of 275p per share with over £4 million being paid out in total.
The TTA Group managing director Simon Hargreaves, said: “It is quite a long time since we started out on this route but it was certainly a journey worth taking.”
“In today’s economic climate travel companies need all the strength they can find, and by joining together the members of both TTA and Worldchoice should feel more confident about the future.”
TTA Worldchoice chairman Colin Heal said: “I believe that the merger will be hugely beneficial for both TTA and Worldchoice members. Not only because they will belong to the largest Group of Independent Travel Agents within the British Isles but also because of the synergies which bringing the companies together will deliver for Members”.
The High Court of Justice sanctioned a scheme of arrangement for the merger of the Travel Trust Association and Worldchoice on October 1.
The Scheme of Arrangement to acquire the shares of Worldchoice shareholders has been finalised and the Court Order forwarded to the Registrar of Companies at Companies House.