NewGAMe and Bruellan call for final deadline on Liontrust’s GAM offer
The offer period was due to end on 25 July but was twice extended
The offer period was due to end on 25 July but was twice extended
Charge for fund and investment trust trades dropped to £3.99
Shareholders have until 4 August to weigh up the proposed takeover
Further details of the compensation scheme expected to be announced in September
Cash had fallen below FCA capital requirements before £5m was raised through rapid sale of ordinary shares
Group FUM hit a record £157.5bn over six months
‘Strategic rebalancing’ towards higher growth and increased longevity areas
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
The asset manager has also written to the Swiss Takeover Board
Remuneration policy has come under the microscope due to the cost-of-living crisis
Assets under management and advice rose to £54.9bn
Circular to shareholders expected to be published in September