Result of General Meeting

RNS Number : 6126A

Liontrust Asset Management PLC

30 September 2020

 

LEI: 549300XVXU6S7PLCL855

FOR IMMEDIATE RELEASE

30 September 2020

LIONTRUST ASSET MANAGEMENT PLC

Result of General Meeting

The Board of Liontrust Asset Management Plc ("Liontrust") is pleased to announce that, at the general meeting of the Company held today, the resolution to approve the proposed acquisition of Architas Multi-Manager Limited and Architas Advisory Services Limited ("AMML" and "AASL") was unanimously passed on a show of hands. The percentage of proxy votes cast in favour of the resolution was 98.67%. Following the approval for change in control of AMML and AASL, already granted by the Financial Conduct Authority ("FCA"), passing this shareholder vote completes the requirements agreed in the sale and purchase agreement for the acquisition to complete, which we expect to happen on the 30 October 2020.

John Ions, Chief Executive of Liontrust commented, "The Architas UK Investment Business is an important strategic acquisition for us to meet the growing demand for investment solutions from advisers and their clients over the next few years. By offering both risk profiled funds and target risk portfolios, we will help advisers to meet their suitability requirements by being able to choose the solution that best meets their clients' individual needs for investment and risk."

In accordance with the Listing Rules of the FCA, t he full text of the resolution passed at the General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

Liontrust    020 7412 1700 

John Ions, Chief Executive  www.Liontrust.co.uk

Vinay Abrol, Chief Financial Officer & Chief Operating Officer

Simon Hildrey, Chief Marketing Officer

David Boyle, Head of Corporate Development

Panmure Gordon (Sole Sponsor, Financial Adviser and Sole Bookrunner)  020 7886 2500

Corporate Advisory: Dominic Morley, Nicholas Harland, Ailsa MacMaster

Corporate Broking: Charles Leigh-Pemberton

 

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