Share Reorganisation

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 Toine Knipping, Non-Executive Chairman Chi Kin Lai, Chief Executive Officer Tat Cheung (Stephen) Wong, Chief Financial Officer	Via Buchanan Communications
Zeus (Broker) Martin Green / Louisa Waddell (Investment Banking) Benjamin Robertson (Corporate Broking)	Tel: [phone] www.zeuscapital.co.uk
Bowsprit Partners Limited (Financial Adviser) John Treacy Luis Brime	Tel: [phone] www.bowspritpartners.com
Media enquiries: Buchanan (Financial Communications) Simon Compton Verity Parker	Tel: + 44 (0) 20 7466 5000 [e-mail]

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/

 

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