REG-Pacific Assets Trust plc: Strategic Review

Pacific Assets TrustAnnouncement

Thu 07:02

            LEI:            2138008U8QPGAESFYA48

 

 

11 December 2025

 

 

Pacific Assets Trust plc

(the "Company")

 

Strategic Review

 

The Board of the Company announced on 12 November 2025 that it had been
informed of changes to its portfolio management arrangements implemented by
First Sentier Group ("FSG"). Since 14 November 2025, following FSG's decision
to close the Stewart Investors ("SI") business, the Company's portfolio has
been managed by FSSA Investment Managers ("FSSA''). Prior to 2015, FSSA and SI
operated collectively as one investment team under FSG (known then as First
State Stewart). FSSA remains an autonomous investment group within FSG. The
Board announced that it would consult with its largest shareholders ahead of
commencing a strategic review (the "Strategic Review").

 

The Board thanks those shareholders who have participated in the shareholder
consultation and, following such process, the Board today announces that it is
formally launching the Strategic Review. Investec Bank plc has been appointed
by the Board to assist it with a review of the Company's strategic options,
including the Company's investment management arrangements and future
investment strategy. The Board welcomes proposals for the future of the
Company from investment managers and other investment companies that deploy
investment strategies focused on, or substantially exposed to, the Asia
Pacific region.

 

Having undertaken due diligence on FSSA, the Board is satisfied that FSSA is
well-placed to manage the Company's portfolio with the requisite care and
skill during the progression of the Strategic Review and FSSA will be invited
to participate in the Strategic Review.

 

The Board currently anticipates that the Strategic Review will conclude in
early Q2 2026 and will make further announcements in due course.

 

- END -

 

Katherine Manson

Frostrow Capital LLP

Company Secretary

 

Tel: +44 20 3709 8734

 

Helen Goldsmith/Tom Skinner

Investec Bank plc

Corporate Broker

 

Tel: +44 20 7597 4000

 

Catriona Crellin

Kepler Partners

PR

 

Tel: +44 7934 578932

 



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