REG - Athelney Trust plc - Intended placing <Origin Href="QuoteRef">ATTR.L</Origin>

Athelney TrustAnnouncement

29/03/2016 08:50

RNS Number : 3574T
Athelney Trust PLC
29 March 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
ATHELNEY TRUST plc ("Company" or "Athelney Trust")
ANNOUNCEMENT OF POTENTIAL FUNDRAISING
Athelney Trust, the quoted investment trust which focusses on smaller companies, today (24 March 2016) announces that its directors have resolved to seek to increase the capital base of the Company by issuing up to a maximum of 9.9 per cent of the Company's existing issued share capital for cash, subject to market demand. 
Robin Boyle, Managing Director, said: "We are hoping to raise additional funds to invest in accordance with our stated investment policy. Our primary objectives are to reduce our total expense ratio by the same percentage as the placing, and to improve liquidity, without incurring significant issue costs".
Further information is expected to be announced in due course.
Ends
For further information:
Robin Boyle, Managing Director
Athelney Trust plc 020 7628 7937
Paul Quade 07947 186694
CityRoad Communications 020 7248 8010

This information is provided by RNS
The company news service from the London Stock Exchange
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