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ATST - Alliance Trust News Story

972p -9.0  -0.9%

Last Trade - 18/06/21

Sector
Financials
Size
Large Cap
Market Cap £3.07bn
Enterprise Value £3.31bn
Revenue £263.4m
Position in Universe th / 1814

Alliance Trust PLC - Conversion of Merger Reserve Update

Wed 12th May, 2021 1:54pm
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Conversion of Merger Reserve Update

Alliance Trust (the Company) announces that, following the approval by
shareholders at the Company’s Annual General Meeting held on 22 April 2021,
the Court process to convert its £645m Merger Reserve as described in the
Company’s Notice of Annual General Meeting (which is available on the
Company’s website www.alliancetrust.co.uk) into a distributable reserve has
commenced. Following a hearing at the Court of Session earlier today the Court
has ordered that the Company advertise its petition and seek answers thereto.
Following that advertisement and the fixing of the date for the final hearing,
the Company will announce the expected timetable for the capitalisation of its
Merger Reserve by way of bonus issue and its subsequent reduction.

 For more information, please contact:                                                                     
 Mark Atkinson Head of Marketing and Investor Relations    Sarah Gibbons-Cook                              
 Alliance Trust PLC                                        Quill PR                                        
 Tel: 07918 724303                                         Tel: 020 7466 5050 / AllianceTrust@quillpr.com
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