AIM Schedule One - AssetCo plc (1387N)
May 30 2022 - 2:00AM
UK Regulatory
TIDMASTO
RNS Number : 1387N
AIM
30 May 2022
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
COMPANY NAME:
AssetCo plc ("AssetCo" or the "Company")
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES):
AssetCo Registered Office and Principal Place of Business
Singleton Court Business Park
Wonastow Road
Monmouth
Monmouthshire
United Kingdom
NP25 5JA
COUNTRY OF INCORPORATION:
England and Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
www.assetco.com
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
The Company's strategy is to develop an agile asset and wealth
management company that meets the needs of investors in the
21st century by acquiring, managing and operating asset and
wealth management activities and interests, together with other
related services. The following acquisitions were made in the
period since Readmission to AIM on 16(th) April 2021.
* 100% of Saracen Fund Managers Limited - a small fund
management firm which serves as a platform to grow
high conviction, high alpha, niche equity strategies
* 68% of Rize ETF Ltd - a specialist thematic ETF
issuer
* 30% of Parmenion Capital Partners LLP - a
discretionary investment manager and advisory
platform for the wealth and financial planning sector
* The Company has reached an agreement to acquire the
entire issued share capital of Revera Asset
Management Limited - an Edinburgh-based investment
boutique dedicated to UK equity investments
The Company is in the process of acquiring the entire issued
share capital of River and Mercantile Group plc ("RMG"), other
than RMG shares already beneficially owned by the Company,
by way of an all-share offer. The acquisition constitutes a
reverse takeover pursuant to AIM Rule 14 and therefore a Readmission
Document is required for the enlarged group.
The main country of operation is the United Kingdom.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
Number of Ordinary Shares of 10p nominal value ("Ordinary Shares")
for which Admission is being sought: TBC
Price per Ordinary Share: TBC
No Ordinary Shares will be held in treasury on Admission.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised: N/A
Anticipated market capitalisation on Admission: TBC
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
TBC
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE
OR WILL BE ADMITTED OR TRADED:
None
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
Martin James Gilbert - (Chairman)
Peter Archibald McKellar - (Deputy Chairman)
Campbell David Fleming - (Chief Executive Officer)
Jonathan Donald Sherlock Dawson - (Senior Independent Non-Executive
Director)
Alexander Mark Butcher - (Non-Executive Director, Independent)
Tudor Griffith Davies - (Non-Executive Director)
Christopher Harwood Bernard Mills - (Non-Executive Director)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
Before Admission After Admission
Harwood Capital Management 22.21% TBC
ToscaFund Asset Management 12.44% TBC
LLP
Martin Gilbert 8.55% TBC
Ingot Capital Management 8.42% TBC
Lombard Odier Asset Management 7.73% TBC
(Europe) Limited
Richard Griffiths 3.59% TBC
Janus Henderson Investors 3.26% TBC
Peter McKellar 3.08% TBC
Punter Southall Group Limited* 0.00% TBC
Premier Fund Managers Limited* 0.00% TBC
Aberdeen Standard Investments* 0.00% TBC
*Current Shareholders in RMG
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
None
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
i. 30 September
ii.
a. 30 September 2021 - audited annual report for AssetCo
b. 30 June 2021 - audited annual report for RMG
iii. The first three reports published, pursuant to AIM rules
18 and 19, must be published by:
a. 30 June 2022 (the half year report for the six months ending
31 March 2022)
b. 31 March 2023 (the annual report and accounts for the period
ending 30 September 2022)
c. 30 June 2023 (the half year report for the six months ending
31 March 2023)
EXPECTED ADMISSION DATE:
15 June 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
Numis Securities Limited
45 Gresham Street
London
EC2V 7BF
NAME AND ADDRESS OF BROKER:
Numis Securities Limited
45 Gresham Street
London
EC2V 7BF
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
The admission document will be available from the offices of
Numis Securities Limited, 45 Gresham Street, London, EC2V 7BF
A digital copy of the admission document, containing full details
about the applicant and the admission of its securities will
be available on the Company's website at:
www.assetco.com
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO
APPLY
From Admission, the Board intends to adhere to the QCA Corporate
Governance Code.
DATE OF NOTIFICATION:
30 May 2022
NEW/ UPDATE:
NEW
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END
PAAEASSXAEKAEFA
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