Alliance Trust PLC - Sale of Private Equity Assets

Sale of Private Equity Assets

Alliance Trust PLC today announces a further simplification of its investment portfolio by agreeing the conditional sale of certain non-core holdings in private equity assets to global asset manager PineBridge Investments. The sale of these private equity holdings is aligned with the Trust’s previously announced strategy to realise value from its non-core assets in order to focus on its global equity portfolio.

As at the half year (30 June 2018) the holdings being sold accounted for less than 3% of the total investment portfolio at that time. The total price payable under the sale agreement for all of the assets is at a small discount to their combined Net Asset Values. Once the sale is completed, the Trust will remain invested in only a small number of private equity holdings, the total value of which as at the half year was £13.4m.

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Alliance Trust PLC

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