Personal Assets Trust, the boutique investment house set up in 1983 by Ian Rushbrook and Robin Angus, has released a limited number of ordinary shares for investors.
The firm, based in Edinburgh's St Colme Street, issued 1,300 Ordinary Shares of £12.50 from its block listing facility at a price of £417 per share. The market capital of the trust stood at £976 million at the end of April.
The trust, which has long-standing stakes in Microsoft, Coca-Cola and Nestle, has jumped from £173.6 million in 2009 to its present market capital. It was £5.9 million in 1990, when the share price was £39.50.
The company's issued share capital now consists of 2,459,742 Ordinary shares. Therefore, the total number of shares with voting rights in the company is 2,459,742.
A stock market note said: “The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Personal Assets Trust plc under the FCA’s Disclosure Guidance and Transparency Rules.’’
The annual meeting is at noon on Thursday, 11 July at The Kimpton Charlotte Square Hotel (formerly the Roxburghe Hotel), 38 Charlotte Square, Edinburgh, EH2 4HQ. After the meeting there will be a presentation by Sebastian Lyon, PAT’s Investment Adviser, followed by Questions and Answers and a buffet lunch.
