REG - Amati AIM VCT PLC - Strategic Review

Amati AIM VCTAnnouncement

14/03/2024 07:00

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RNS Number : 7782G  Amati AIM VCT PLC  14 March 2024

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATON FOR THE PURPOSES OF ARTICLE 7 OF
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BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For immediate release

14 March 2024

Amati AIM VCT plc

 

Strategic review

 

The Board of Amati AIM VCT plc (the "Company") confirms that it has, in
conjunction with the Company's investment manager, Amati Global Investors
Limited (the "Investment Manager"), been considering the Company's strategic
options in the light of ongoing challenges in the AIM market and the
resultant performance issues faced by the Company. As part of this review, the
Board intends to consider whether the Company's investment strategy should be
expanded to facilitate investment in a broader range of securities while
continuing to comply with the rules applicable to VCTs.

 

The Board also notes the recent announcement of a recommended offer (the
"Offer") for Mattioli Woods plc by Tiger Bidco Limited (owned by funds managed
by Pollen Street Capital Limited). Mattioli Woods plc currently owns 49% of
the issued share capital of the Investment Manager. The ongoing review of
strategic options will take into account any possible impact of the Offer on
the Company and the management of its investment portfolio.

 

Further details of the strategic review will be included in the Company's
annual report and accounts which are expected to be published shortly.

 

Enquiries:

 

Fiona Wollocombe, Chair

Amati AIM VCT plc

Email: info@amatiglobal.com

 

Douglas Armstrong

Dickson Minto Advisers

Financial Adviser to the Company

Telephone: 020 7649 6823

 

Important Information

This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain.

Legal Entity Identifier (LEI): 213800HAEDBBK9RWCD25

 

 

 

 

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