ATST Alliance Trust Plc

 
TIDMATST 
 
 
   Conversion of Merger Reserve Update 
 
   Alliance Trust (the Company) announces that, following the approval by 
shareholders at the Company's Annual General Meeting held on 22 April 
2021, the Court process to convert its GBP645m Merger Reserve as 
described in the Company's Notice of Annual General Meeting (which is 
available on the Company's website www.alliancetrust.co.uk) into a 
distributable reserve has commenced. Following a hearing at the Court of 
Session earlier today the Court has ordered that the Company advertise 
its petition and seek answers thereto. Following that advertisement and 
the fixing of the date for the final hearing, the Company will announce 
the expected timetable for the capitalisation of its Merger Reserve by 
way of bonus issue and its subsequent reduction. 
 
 
 
 
For more information, please contact: 
Mark Atkinson                                Sarah Gibbons-Cook 
 Head of Marketing and Investor Relations 
Alliance Trust PLC                           Quill PR 
Tel: 07918 724303                            Tel: 020 7466 5050 / 
                                             AllianceTrust@quillpr.com 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 12, 2021 08:54 ET (12:54 GMT)

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