Publication of Circular & Supplementary Prospectus

RNS Number : 2260S

Personal Assets Trust PLC

28 November 2012

 

Personal Assets Trust plc

To:                   RNS

From:              Personal Assets Trust plc

Date:               28 November 2012

Publication of a Circular and Supplementary Prospectus

Further to the statements made in the most recent annual report and accounts published by Personal Assets Trust plc (the "Company") which noted that the Board would be reviewing the Company's investment and dividend polices to ensure they remained appropriate, the Board has now completed their review and concluded that certain changes should be made to both the investment policy and the dividend policy the help the Company pursue its stated investment objectives as straightforwardly and efficiently as possible.

Accordingly, the Company has today published a circular (the "Circular") in connection with proposals to change the Company's investment and dividend polices (the "Proposals").  A general meeting to approve the Proposals has been convened for 10.30 a.m. on 21 December 2012.

In addition, the Company has also today published a supplementary prospectus approved by the UK Listing Authority.  The publication of the supplementary prospectus is a regulatory requirement under the Prospectus Rules following the publication of the Circular and the Company's interim report and accounts for the six month period to 31 October 2012.

The supplementary prospectus is supplemental to, and should be read in conjunction with, the prospectus published by the Company on 28 February 2012 (as supplemented by the supplemental prospectus published by the Company on 20 June 2012) in relation to the issue of up to 500,000 ordinary shares in aggregate for the purpose of operating its premium control policy.

Copies of the Circular and the supplementary prospectus have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

Copies of the supplementary prospectus are also available in electronic form on the Company's website at http://www.patplc.co.uk and, until 28 February 2013, copies are available for collection from the registered office of the Company at 10 St. Colme Street, Edinburgh EH3 6AA and from the offices of Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London EC2A 2EW and 16 Charlotte Square, Edinburgh EH2 4DF.

All enquiries

Robin Angus (Executive Director)
Tel:  [phone]

Steven Davidson (Company Secretary)
Tel:  [phone]

 

END

 

 

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