Share Name Share Symbol Market Type Share ISIN Share Description
Personal Assets Trust Plc LSE:PNL London Ordinary Share GB0006827546 ORD �12.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 42,150.00 42,150.00 42,200.00 42,150.00 42,150.00 42,150.00 3,400 16:29:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17.3 12.8 497.0 84.8 1,093

Personal Assets Trust PLC Publication of Circular

11/10/2019 3:32pm

UK Regulatory (RNS & others)


TIDMPNL

RNS Number : 6788P

Personal Assets Trust PLC

11 October 2019

   To:                   RNS 
   From:              Personal Assets Trust plc 
   LEI:                  213800Z7ABM7RLQ41516 
   Date:               11 October 2019 

Personal Assets Trust plc

Publication of Circular

In order to meet the continuing demand for Ordinary shares in Personal Assets Trust plc (the "Company"), the Board of Directors of the Company is seeking an early renewal of its authority to issue further Ordinary shares on a non pre-emptive basis. Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 2.00 p.m. on 30 October 2019 at 10 St. Colme Street, Edinburgh EH3 6AA.

At the General Meeting resolutions will be put to shareholders to give the Board authority to allot up to 263,779 Ordinary shares (which represents 10 per cent. of the Company's current issued share capital) and to disapply the rights of pre-emption in relation to the allotment of these shares.

If such authority is granted by shareholders the Directors will use the authority to issue shares on a non pre-emptive basis only: (i) at a premium to net asset value per Ordinary share; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company and its shareholders to do so.

A copy of the circular has been submitted to the Financial Conduct Authority and will be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

Steven Davidson

Company Secretary

Enquiries: 0131 538 1400

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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