Liontrust Asset Management PLC Acquisition (2966O)
October 01 2019 - 2:09AM
UK Regulatory
TIDMLIO
RNS Number : 2966O
Liontrust Asset Management PLC
01 October 2019
01 October 2019
Stock Exchange Announcement
LIONTRUST ASSET MANAGEMENT PLC
Update on the Acquisition of Neptune Investment Management
Limited
On 31 July 2019, Liontrust Asset Management Plc ("Liontrust"),
the specialist independent fund management group, announced that it
had entered into a conditional share purchase agreement with the
significant shareholders of Neptune Investment Management Limited
to purchase (the "Acquisition") the entire issued share capital of
Neptune Investment Management Limited ("Neptune") for a total
consideration of up to GBP40 million (inclusive of the expected net
asset value of Neptune).
Liontrust further announces that the Acquisition completed on 1
October 2019, adding GBP2,743 million to assets under management
(calculated as at close of business on 26 September 2019).
Trading update
Liontrust will issue its trading update for the six month period
ended 30 September 2019 on 9 October 2019.
For further information please contact:
Liontrust Asset Management 020 7412 1700
John Ions, Vinay Abrol www.liontrust.co.uk
Simon Hildrey - Chief Marketing Officer
N+1 Singer Advisory LLP 020 7496 3000
Corporate Broking- Tom Salvesen
Numis Securities Limited 020 7260 1000
Charles Farquhar
Macquarie Capital (Europe) Limited 020 3037 2000
Advisory - Jonny Allison, Kavita Choitram
Corporate Broking - Alex Reynolds
Important Notices
Forward Looking Statements
This announcement contains certain forward-looking statements
with respect to the financial condition, results of operations and
businesses and plans of Liontrust and its subsidiaries (the
"Group"). These statements and forecasts involve risk and
uncertainty because they relate to events and depend upon
circumstances that have not yet occurred. There are a number of
factors that could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements and forecasts. As a result, the Group's actual future
financial condition, results of operations and business and plans
may differ materially from the plans, goals and expectations
expressed or implied by these forward-looking statements. Liontrust
undertakes no obligation publicly to update or revise
forward-looking statements, except as may be required by applicable
law and regulation (including the Listing Rules of the Financial
Conduct Authority). Nothing in this announcement should be
construed as a profit forecast or be relied upon as a guide to
future performance.
Other information
This announcement is not intended to, and does not constitute,
or form part of, any offer to sell or an invitation to purchase or
subscribe for any securities or a solicitation of any vote or
approval in any jurisdiction. The release, publication,
transmission or distribution of this announcement in, into or from
jurisdictions other than the United Kingdom may be restricted by
law and therefore persons in such jurisdictions into which this
announcement is released, published, transmitted or distributed
should inform themselves about and observe such restrictions. In
particular (but without limitation) this announcement is not for
release, publication or distribution, directly or indirectly, to US
persons, or into the United States, or into or from Canada or any
other jurisdiction in which the same would be unlawful. Any failure
to comply with the restrictions may constitute a violation of the
securities laws of any such jurisdiction.
ENDS
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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
ACQUARBRKVARRRA
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October 01, 2019 03:09 ET (07:09 GMT)
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