REG - AssetCo PLC - Results of General Meeting and Total Voting Rights

AssetcoAnnouncement

06/03/2025 14:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250306:nRSF6942Za&default-theme=true

RNS Number : 6942Z  AssetCo PLC  06 March 2025

6 March 2025

LEI: 213800LFMHKVNTZ7GV45

AssetCo plc ("AssetCo" or the "Company")

(Renamed River Global PLC)

Results of General Meeting

Total Voting Rights

The Company announces that at the General Meeting held today the ordinary and
special resolutions (together the "Resolutions") proposed in relation to the
Company's Share Reorganisation as set out in the Circular to Shareholders
dated 28 January 2025 were duly passed with over 99 per cent of shares voted
being in favour of the Resolutions.

Martin Gilbert, Executive Chairman commented:

"This innovative share split unlocks a value trap allowing the value of our
two principal business to be recognised independently on their own merits by
the market. Our long-standing ambition is to acquire, improve and grow
businesses in the asset and wealth management sector and River Global, our
established equities management business, is the platform for doing that - now
with the support of a pure-play listing through the New A Ordinary Shares. In
the meantime, the New B Share listing enables our Shareholders to retain and
benefit from our minority stake in Parmenion as that thriving business
continues to make excellent progress in its distinct sector. I am delighted to
see the overwhelming support afforded this proposal by our existing
Shareholders and fully expect that others will see an attractive opportunity
in one or both of our shares as those distinct business interests develop over
time."

Name Change

The Company has also resolved to change its name today to River Global PLC,
aligning this with the underlying equities business.

Total Voting Rights

As a result of the passing of these Resolutions, each Ordinary Share of the
Company has been sub-divided into one New A Ordinary Share, representing the
Company's interests in River Global, its equities management business, and one
New B Share representing its interest in Parmenion.

Application has been made for the New A Ordinary Shares and New B Shares to be
admitted to trading on AIM at 8.00am on 7 March 2025. Pursuant to the AIM
Rules for Companies (the AIM Rules), Shareholders of the New A Ordinary Shares
and the New B Shares will be required to comply with their disclosure
obligations under AIM Rule 17. Relevant changes to any significant
shareholding of each separate security will need to be disclosed, so that the
Company is able to comply with its own disclosure obligations under the AIM
Rules.

In accordance with DTR 5.6.1 that, as at 06 March 2025 and following the Share
Reorganisation, the Company's issued share capital consists of 149,292,970 A
Ordinary Shares of which 5,354,770 are held in treasury. The total number of
voting rights attaching to the A Ordinary Shares is therefore 143,938,200. The
figure (143,938,200) may be used by Shareholders as the denominator for any
calculation pursuant to which they determine if they are required to notify
their interest in, or a change to their interest in, the Company's A Ordinary
Shares under the FCA's Disclosure Guidance and Transparency Rules.

Further, as at 06 March 2025 and following the Share Reorganisation, the
Company has in issue 149,292,970 B Shares of which 5,354,770 are held in
treasury. The total number of B Shares is therefore 143,938,200. The figure
(143,938,200) may be used by Shareholders of B Shares as the denominator for
any calculation pursuant to which they determine if they are required to
notify their interest in, or a change to their interest in, the Company's B
Shares under the AIM Rules for Companies.

All terms capitalised but not defined in this announcement shall have the
meaning given to them in the Circular.

For further information, please contact:

 AssetCo plc                 Deutsche Numis

 Gary Marshall, CFOO         Nominated adviser and joint broker

 Martin Gilbert, Chairman    Giles Rolls / Charles Farquhar

 Tel: +44 (0) 7788 338157    Tel: +44 (0) 20 7260 1000

 Panmure Liberum Limited     H/Advisors

 Joint broker                Neil Bennett

 Atholl Tweedie              Rachel Cohen

 Tel: +44 (0) 20 7886 2500   Tel: +44 (0) 20 7379 55151

For further details, visit the website, www.assetco.com
(http://www.assetco.com)

Ticker: AIM: ASTO.L

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUNUSRVBUORAR