Statement re Press Comment

DISCLOSURE OF INSIDE INFORMATION ACCORDING TO ARTICLE 17 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 (WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWL) ACT 2018)

 

FOR IMMEDIATE RELEASE

 

LIONTRUST ASSET MANAGEMENT PLC

Statement re Press Speculation

 

The Board of Liontrust Asset Management Plc ("Liontrust") notes recent press speculation and confirms that it is in discussions with GAM Holding AG ("GAM") regarding a proposed acquisition of the entire issued share capital of GAM by Liontrust (the "ProposedAcquisition"), with the intention of combining GAM's investment management business with Liontrust's investment management business.  

 

Liontrust confirms it has made an approach to the Board of GAM. There can be no certainty that this will lead to a formal offer in respect of the Proposed Acquisition, nor as to the timing or terms of any such offer and there can be no assurance that, even if agreement is reached, any such Proposed Acquisition would be completed.  

 

A further announcement will be made as and when appropriate.

 

For further information please contact:

 

Teneo (Tel: 020 7353 4200, Email: liontrust@teneo.com)

Tom Murray or Stephanie Mackrell

 

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

 

Singer Capital Markets (Tel: 020 7496 3000)

Stephen Howard, Tom Salvesen, Justin McKeegan

 

END