Business
Acquisitions and Special Mtg
Acquisitions and Special Mtg.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n Titanium Asset Management Corp\n06 September 2007\n\n\nTitanium Asset Management Corp.\n6 September 2007\n\n\nNot for release, publication or distribution in whole or in part in or into the\nUnited States, Canada, Australia, Republic of South Africa or Japan\n\nTITANIUM ASSET MANAGEMENT CORP.\n\nPROPOSED ACQUISITIONS OF WOOD ASSET MANAGEMENT INC, SOVEREIGN HOLDINGS, LLC AND\nCERTAIN CLIENT MANDATES OF SIESTA KEY CAPITAL, LLC\n\nNOTICE OF SPECIAL MEETING\n\nHIGHLIGHTS\n\n• Titanium announces its first acquisitions since admission to AIM in June 2007\n\n• Stockholders holding a majority of the Company's common shares have already\nirrevocably undertaken to vote in favour of approving the acquisitions\n\n• Titanium is to acquire Wood Asset Management Inc, Sovereign Holdings, LLC and\ncertain client mandates of Siesta Key Capital, LLC\n\n• Following completion of the acquisitions, the Company will have approximately\nU.S.$3.33 billion of assets under management\n\nFor further information:\n\nTitanium Asset Management Corp.\nJohn Sauickie, Chief Executive Officer +1 941 524 5672\nNigel Wightman, Executive Director + 44 7789 277849\n\nSeymour Pierce Ltd\nJonathan Wright + 44 20 7107 8000\n\nPenrose Financial\n\nGay Collins +44 7798 626 282\nKay Larsen +44 7747 631 614\n\nTitanium Asset Management Corp. ('Titanium' or the 'Company') (AIM: TAM) is\npleased to announce that it has entered into agreements to acquire:\n\n• the entire issued and outstanding capital stock of Wood Asset Management Inc\n('Wood');\n\n• the entire issued and outstanding capital stock of Sovereign Holdings, LLC\n('Sovereign'); and\n\n• certain client mandates from Siesta Key Capital LLC ('SKC')\n\n(collectively, the 'Acquisition').\n\nIn aggregate, following completion of the Acquisition, the Company will have\napproximately U.S.$3.33 billion of assets under management ('AUM').\n\nThe Acquisition is expected to be completed on 1 October 2007 and constitutes a\nreverse takeover under the AIM Rules. The Acquisition is therefore contingent\nupon, among other things, approval by a majority of the holders of common stock \nin Titanium ('Stockholders') at a Special Meeting.\n\nStockholders holding a majority of Titanium's common shares ('Common Shares')\nhave already irrevocably undertaken to vote in favor of the resolution to be\nproposed at the Speci...