Notice of EGM

RNS Number : 0423I

Personal Assets Trust PLC

03 March 2010

 



Personal Assets Trust plc

To:                   RNS

From:              Personal Assets Trust plc

Date:               3 March 2010

Posting of a Circular convening an Extraordinary General Meeting

In order to meet the continuing demand for shares in Personal Assets Trust plc (the "Company"), the board of directors of the Company (the "Board") is seeking an early renewal of its authority to issue further shares for cash on a non pre-emptive basis.

Accordingly, the Company has today issued a circular convening an extraordinary general meeting (the "EGM") to be held at 11.00 a.m. on 31 March 2010 at 80 George Street, Edinburgh EH2 3BU.

At the EGM, resolutions will be put to shareholders (i) to give the Board authority to allot new shares up to an aggregate nominal amount of £1,008,600 and (ii) to disapply rights of pre-emption in relation to the allotment of shares up to an aggregate nominal amount of £1,008,600.

The Board's policy, which is incorporated in the Company's articles of association, is to ensure that the Company's shares always trade at close to net asset value.  The Board will only issue new shares (or, as the case may be, re-issue shares from treasury) when they believe it is advantageous to the Company's shareholders to do so and in no circumstances would any issue of new shares or re-issue of shares from treasury be at an issue price which would result in a dilution of the net asset value per share.

Copies of the circular have been submitted to the FSA, and will be available for inspection at the FSA's Document Viewing Facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel:  [phone]

Copies of the circular will also be available for collection during normal business hours on any day (Saturdays, Sundays and public holidays excepted) from the registered office of the Company at 80 George Street, Edinburgh, EH2 3BU and from Dickson Minto W.S., Royal London House, 22/25 Finsbury Square, London EC2A 1DX.

All enquiries

Robin Angus (Executive Director)
Tel.: [phone]

Steven Davidson (Company Secretary)
Tel.: [phone]

 

END

 

 

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