Amati AIM VCT PLC Strategic Review
14 Mars 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7782G
Amati AIM VCT PLC
14 March 2024
NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN
WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICITON WHERE TO DO SO
WOULD COSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
THE JURISDICITON.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATON FOR THE PURPOSES OF ARTICLE
7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF
UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For immediate
release
14 March
2024
Amati AIM VCT plc
Strategic review
The Board of Amati AIM VCT plc (the
"Company") confirms that it
has, in conjunction with
the Company's investment manager, Amati Global
Investors Limited (the "Investment
Manager"), been considering the Company's strategic
options in the light of ongoing challenges in the AIM
market and the resultant performance
issues faced by the Company. As part of this
review, the Board intends to consider whether the Company's
investment strategy should be expanded to facilitate investment in
a broader range of securities while continuing to comply with the
rules applicable to VCTs.
The Board also notes the recent announcement of
a recommended offer (the "Offer") for Mattioli Woods plc by Tiger
Bidco Limited (owned by funds managed by Pollen Street Capital
Limited). Mattioli Woods plc currently owns 49% of the issued share
capital of the Investment Manager. The ongoing review of strategic options will
take into account any
possible impact of the Offer on the Company and the management
of its investment portfolio.
Further details of the strategic review will be
included in the Company's annual report and accounts which are
expected to be published shortly.
Enquiries:
Fiona Wollocombe, Chair
Amati AIM VCT plc
Email:
info@amatiglobal.com
Douglas Armstrong
Dickson Minto Advisers
Financial Adviser to the Company
Telephone: 020 7649 6823
Important
Information
This announcement is released by the Company and
the information contained within this announcement is deemed by the
Company to constitute inside information for the purposes of
Article 7 of the UK version of the EU Market Abuse Regulation
(Regulation (EU) No.596/2014) which forms part of UK law by virtue
of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information
Service, such information is now considered to be in the public
domain.
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Identifier (LEI): 213800HAEDBBK9RWCD25
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