Publication of a Prospectus

RNS Number : 0972Y

Personal Assets Trust PLC

28 February 2017

 

PERSONAL ASSETS TRUST PLC        

28 FEBRUARY 2017

PUBLICATION OF PROSPECTUS

Personal Assets Trust plc (the "Company") has today published a prospectus approved by the UK Listing Authority in relation to future issues of up to 500,000 shares for the purpose of operating its discount and premium control policy.

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.

A copy of the prospectus will shortly be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

The prospectus are also available in electronic form on the Company's website at www.patplc.co.uk  and available for collection during normal business hours on any day (Saturday, Sunday and public holidays excepted) until 28 February 2018 from the offices of PATAC Limited, 21 Walker Street, Edinburgh EG3 7NX and from the offices of Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London EC2A 2EW.

Steven Davidson

Company Secretary

Enquiries: 0131 538 6603

 

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