ATST Alliance Trust Plc

 
TIDMATST 
 
 
   Alliance Trust PLC -- Proposed withdrawal AGM Resolution 
 
   Further to the Company's announcement on 13 March 2020 regarding 
publication of the Notice of Meeting for the Annual General Meeting on 
Thursday 23 April 2020 at 11.00 a.m.  (the "AGM"), the Board announces 
that it proposes to withdraw resolution number 12 concerning the 
conversion of its Merger Reserve into a distributable reserve (the 
"Capital Reduction"). 
 
   The proposed Capital Reduction requires both shareholder and court 
approval. As a result of the current COVID-19 outbreak, the court is 
presently closed to all but urgent business. It is not known when court 
time will be secured to consider the Company's proposal when the court 
re-opens. Due to anticipated pressure on the court to consider business 
critical matters when it re-opens, the Board proposes to withdraw the 
resolution from this year's AGM. The Board does however expect to put a 
similar resolution forward at the Company's AGM in April 2021 after 
which, court approval will be sought. 
 
   The proposed withdrawal of resolution 12 does not otherwise affect the 
validity of the Notice of Meeting, the proxy form or any proxy votes 
already submitted. 
 
   For further information please contact: 
 
 
 
 
Alliance Trust PLC 
Tel. +44 (0)1382 938320 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 14, 2020 05:41 ET (09:41 GMT)

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