AssetCo to overhaul share structure under plans to rebrand as River Global

Reclassification of shares

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...