Business
Re-admission to AIM
Re-admission to AIM.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n Titanium Asset Management Corp\n01 October 2007\n\n\nTitanium Asset Management Corp.\n1 October 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\n TITANIUM ASSET MANAGEMENT CORP.\n \n COMPLETION OF ACQUISITIONS OF WOOD ASSET MANAGEMENT INC, SOVEREIGN HOLDINGS,\n LLC AND CERTAIN CLIENT MANDATES OF SIESTA KEY CAPITAL, LLC\n \n RE-ADMISSION TO AIM\n\nHIGHLIGHTS\n\n• Titanium completes its first acquisitions since admission to AIM in June 2007\n\n• Stockholders representing an overwhelming majority of the Company's Shares \n voted in favour of approving the acquisitions\n\n• Titanium has acquired Wood Asset Management Inc, Sovereign Holdings, LLC and \n will acquire certain client mandates of Siesta Key Capital, LLC\n\n• Following completion of the acquisitions, the Company will have approximately\n U.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 it has completed the acquisitions of the entire issued and \noutstanding capital stock of Wood Asset Management Inc ('Wood') and Sovereign \nHoldings, LLC ('Sovereign') and the proposed acquisition of certain client \nmandates from Siesta Key Capital LLC ('SKC') can now proceed following the \napproval of these transactions (the 'Acquisition') at the Special Meeting of \nthe Company on 27 September 2007.\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 entire issued Shares and Warrants of the Company, amounting to 22,993,731 \nShares (trade symbol: TAM.L) and 20,000,000 Warrants (trade symbol: TAMW.L), \nhave been admitted to AIM this morning.\n\nIn accordance with Titanium's Certificate of Incorporation, a total of 119,200 \nFounding Shares (comprising 95,360 Shares and 23,840 Restricted Shares) are to \nbe purchased by Titanium at par value so that the aggregat...