Personal Assets Trust PLC

Share Issue/Capital Change • Jul 23, 2020

National Storage Mechanism | Additional information

RNS Number : 9391T

Personal Assets Trust PLC

23 July 2020

To:                   RNS

From:              Personal Assets Trust plc

LEI:                 213800Z7ABM7RLQ41516

Date:               23 July 2020

Personal Assets Trust plc

Publication of Circular

In order to meet the continuing demand for ordinary shares in Personal Assets Trust plc (the "Company"), the Board of Directors of the Company is seeking an early renewal of its authority to issue further Ordinary shares on a non pre-emptive basis.  Accordingly, the Company has published a circular convening a general meeting (the "General Meeting") to be held at 11.00 a.m. on 10 August 2020 at 21 Walker Street, Edinburgh EH3 7HX.

At the General Meeting resolutions will be put to shareholders to give the Board authority to allot up to 142,118 Ordinary shares (which represents 5 per cent. of the Company's current issued share capital) and to disapply the rights of pre-emption in relation to the allotment of these shares.

If such authorities are granted by shareholders the Directors will use the authority to issue shares on a non pre-emptive basis only: (i) at a premium to net asset value per Ordinary share; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company and its shareholders to do so.

A copy of the circular has been submitted to the Financial Conduct Authority and will be available for inspection at the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

PATAC Limited

Company Secretary

Enquiries: 0131 538 1400

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