REG - Amicorp FS (UK) PLC - Share Reorganisation

Amicorp FS (UK)Announcement

08/02/2024 12:00

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RNS Number : 5225C  Amicorp FS (UK) PLC  08 February 2024

 

 LEI: 21380028AUYWGMYXQA57  8 February 2024

 

 

Amicorp FS (UK) Plc

('AMIF', the 'Company' or the 'Group')

 

Share Reorganisation

 

Amicorp FS (UK) Plc, the international specialist fund services group,
announces that Company has been notified of a share reorganisation carried out
by its major shareholder, Amicorp Limited.

 

Amicorp Limited has transferred 85% of its shareholding in the Company to its
parent, Amicorp Investments Limited ('AIL'), by way of an in-specie dividend
(the 'Share Reorganisation').

 

As a result of the Share Reorganisation, the Company has been notified that
the respective interests (within the meaning of the Companies Act) of Amicorp
Limited and AIL will be as follows (in each case representing, or which will
represent, directly or indirectly, 3% or more of the issued share capital of
the Company ('Issued Share Capital')):

 

 Name             Number of Ordinary Shares  Percentage of Issued Share Capital (%)

 AIL              87,378,301                 72.83

 Amicorp Limited  15,419,700                 12.85

 

Recognising the change of shareholdings resulting from the Share
Reorganisation, AIL has undertaken to the Company and Bowsprit Partners
Limited ('Bowsprit Partners') pursuant to a deed of adherence entered into by
those parties on 8 February 2024 that it will adhere to the terms of the
lock-in agreement entered into between the Company, Bowsprit Partners and
Amicorp Limited on 2 June 2023 ('IPO Lock-In').  Amicorp Limited remains
bound by the terms of the IPO Lock-In in respect of its remaining
shareholding.

 

Furthermore, as a result of Amicorp Limited no longer holding 20% or more of
the voting capital of the Company, its obligations under the relationship
agreement entered into with the Company on 2 June 2023 automatically
terminated upon completion of the Share Reorganisation.  These obligations
were simultaneously novated to AIL pursuant to a deed of novation entered into
by AIL and the Company on 8 February 2024.

 

The Share Reorganisation does not change the total voting rights in the
Company, which remains at 119,698,000.

 

- Ends -

 

For further information please contact:

 

 Amicorp FS (UK) Plc                                  Via Buchanan Communications

 Toine Knipping, Non-Executive Chairman

 Chi Kin Lai, Chief Executive Officer

 Tat Cheung (Stephen) Wong, Chief Financial Officer

                                                      Tel: +44 (0) 20 3829 5000

 Zeus (Broker)                                        www.zeuscapital.co.uk (http://www.zeuscapital.co.uk/)

 Martin Green / Louisa Waddell (Investment Banking)

 Benjamin Robertson (Corporate Broking)

 Bowsprit Partners Limited (Financial Adviser)        Tel: +44 (0) 20 3883 4430

 John Treacy                                          www.bowspritpartners.com (http://www.bowspritpartners.com/)

 Luis Brime

                                                      Tel: + 44 (0) 20 7466 5000

 Media enquiries:                                     AmicorpFS@buchanan.uk.com

 Buchanan (Financial Communications)

 Simon Compton

 Verity Parker

 

Notes to Editors

 

AMIF is an international specialist fund services group that works with a
broad mix of clients including institutional investors, fund managers (private
equity, venture capital and hedge funds) as well as family offices to provide
a suite of specialist services across global markets. AMIF operates at
significant scale, providing local and global expertise to over 460 active
funds.

 

AMIF provides a comprehensive and tailored range of services which are all
underpinned by market-recognised technology solutions that support clients
across the value chain, from a single point of contact.

 

These include:

 

 ·         Fund Administration & Investor Services: Fund accounting, fund
           administration, in-house NAV calculation, investor services including Register
           & Transfer Agency services, booking of subscriptions & redemptions,
           audit liaison/support, real time oversight over investment performance.

 ·         Assurance and Governance Services: FATCA and CRS reporting services,
           Fiduciary, Anti-Money Laundering (AML) officer services in compliance with
           international rules and regulations including administrative support to the
           Board and Committees of the Board.

 ·         BPO Services: Simplifying accounting and administration services through
           automated accounting processes and providing management insight into business
           operations through regular and consistent management reporting.

 

For further information please visit www.amicorp-funds.com/chairmans-welcome/
(http://www.amicorp-funds.com/chairmans-welcome/)

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