AssetCo will seek shareholder approval on its proposals to reorganise its shares into two different categories to better reflect the firm’s businesses, River Global and Parmenion.
In a stock exchange notice today (28 January), the firm said it intends to divide its existing ordinary shares into two categories, A ordinary shares and B shares. According to AssetCo, holders of A ordinary shares will continue to benefit from the same economic interests as at present, while owners of B shares will be entitled to AssetCo's economic interest in Parmenion. AssetCo seeks rebrand and spinoff of Parmenion shares amid falling AUM Shareholders will vote on the share reorganisation scheme at a general meeting on 6 March 2025 in London. "The share reorganisation will b...
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