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Majedie Invs.PLC (MAJE)

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Tuesday 07 December, 2021

Majedie Invs.PLC

Majedie Asset Management Limited

RNS Number : 8019U
Majedie Investments PLC
07 December 2021
 

 

 

Majedie Investments PLC

 

Legal Entity Identifier: 2138007QEY9DYONC2723

 

7 December 2021

 

Majedie Asset Management

 

The Board of Majedie Investments PLC (the "Company") notes the announcement from Liontrust Asset Management PLC that it has entered into an agreement to acquire the Company's investment manager, Majedie Asset Management Limited ("MAM") . The Company owns a 17.6% shareholding in MAM.  The consideration for the transaction, which is to be satisfied in a mixture of cash and shares issued by Liontrust (which are subject to Lock up conditions) values the Company's stake at approximately £22.37m. Additionally, there is a deferred consideration of up to £5.68m payable in a mixture of shares and cash in 2025.  The Company will reflect this new valuation in its daily net asset values and will update shareholders with further information when available.

 

Enquiries

William Barlow

Majedie Investments PLC

Ph: 020 7382 8185

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