Update on Acquisition

RNS Number : 2593B

Liontrust Asset Management PLC

13 April 2012

 



Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Update on the Acquisition of Walker Crips Asset Managers Limited

On 13 March 2012, Liontrust Asset Management PLC ("Liontrust" or the "Company"), the specialist independent fund management group, announced that it had entered into a conditional share purchase agreement with Walker Crips Group Plc ("Walker Crips") to purchase (the "Acquisition") the entire issued share capital of Walker Crips Asset Managers Limited.

Liontrust further announces that the Acquisition completed on 12 April 2012 and that it has issued 1,851,719 new ordinary Liontrust shares of 1p each (the "New Ordinary Shares") as part of the consideration payable to Walker Crips.

Application has been made for the New Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange, both of which are expected to become effective on 19 April 2012. Following admission to trading of the New Ordinary Shares, the Company's capital consists of 38,996,555 ordinary shares of 1p each with voting rights. No ordinary shares are held in Treasury. Therefore, the total number of voting rights in the Company is 38,996,555.

The above figure of 38,996,555 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further information please contact:

Contact:

Liontrust Asset Management PLC                                                                            Tel: [phone]

John Ions                                                                                                                             www.liontrust.co.uk

Vinay Abrol

Simon Hildrey (Head of Marketing & Communications)

Singer Capital Markets Limited                                                                                 Tel: [phone]

Jonathan Marren

Jenny Wyllie

ENDS

 

END

 

 

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