The investment firm Exeter Asset Management and the stockbroker Teather & Greenwood have paid £1.3m (€1.9m) into the compensation fund set up in the wake of the split-cap investment scandal. Exeter paid £1m and Teather, £300,000.

The two were not party to last year's £194m central compensation fund agreed between UK regulator the Financial Services Authority and 18 companies involved in the split-cap scandal.