AssetCo PLC Issue of Shares out of Treasury (5676T)

TIDMASTO

RNS Number : 5676T

AssetCo PLC

20 March 2023

LEI: 213800LFMHKVNTZ7GV45

AssetCo plc ("AssetCo")

Transfer out of treasury and voting rights

AssetCo has today transferred out of treasury 2,911,208 ordinary shares of 1p each ("Ordinary Shares") to certain senior SVM employees and directors following the conversion of GBP2,000,000 of the loan notes issued to them as part of the consideration for the acquisition of SVM Asset Management Holdings Limited ("SVM"). Further detail of the loan notes is set out in the announcement relating to the completion of the acquisition of SVM by AssetCo dated 1 November 2022. A short extension was granted such that the loan notes were converted at 68.7p being the prevailing market price on 28 February 2023.

Following the transfer, AssetCo has 8,283,027 ordinary shares remaining in treasury.

The Company announces in accordance with DTR 5.6.1 that, as at 20 March 2023 and following the transfer, the Company's issued share capital consists of 149,292,970 Ordinary Shares of which 8,283,027 are held in treasury. The total number of voting rights attaching to the Ordinary Shares is therefore 141,009,943.

The above figure (141,009,943) may be used by shareholders as the denominator for any calculation pursuant to which they determine if they are required to notify their interest in, or a change to their interest in, the Company's Ordinary Shares under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
 AssetCo plc                        Numis Securities Limited 
  Campbell Fleming, CEO              Nominated adviser and joint 
  Peter McKellar, Deputy Chairman    broker 
  Tel: +44 (0) 785 0464 301          Giles Rolls / Charles Farquhar 
                                     Tel: +44 (0) 20 7260 1000 
 
 Panmure Gordon (UK) Limited        H/ Advisors Maitland 
  Joint broker                       Neil Bennett 
  Atholl Tweedie                     Rachel Cohen 
  Tel: +44 (0) 20 7886 2500          Tel: +44 (0) 20 7379 55151

For further details, visit the website, www.assetco.com

Ticker: AIM: ASTO.L

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March 20, 2023 11:30 ET (15:30 GMT)

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