Statement re Managing Directo

RNS Number : 6695F

Personal Assets Trust PLC

13 October 2008

 

The Board of Personal Assets Trust plc is deeply saddened to announce that Ian Rushbrook, the Company's Managing Director, died on Sunday 12 October 2008, following a short period of illness. The Board's thoughts are very much with lan's family at this difficult time.

Personal Assets Trust is an independently managed investment trust which is run by its Board. It will continue to be run in all respects in the same manner while the Board undertakes a full review of the options open to the Company in best serving its shareholders' requirements. Pending completion of this review the Board has agreed with F&C Asset Management plc, which is currently responsible for the provision of administrative and company secretarial services to the Company, that F&C Asset Management will provide increased support to the executive team of Robin Angus and Steven Budge.

The Board will keep shareholders informed of developments.

Enquiries:       Robert White (Chairman) 0131 552 1254

Robin Angus (Executive Director) 0131 718 1179

 

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