Share Reorganisation
Major shareholder redistributed 69.7m shares to parent company and minority investors via dividend.
- Shares transferred to United 55,200,655
- Shares transferred to minority shareholders 14,468,204
- United's holding after reorganisation 46.01%
- AIL's holding after reorganisation 14.76%
- Smart Business Investments Ltd holding 3.63%
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Amicorp FS (UK) Plc, the international specialist fund services group, announces that the Company has been notified of a share reorganisation carried out by its major shareholder, Amicorp Investments Limited ('AIL').
AIL has transferred (i) 55,200,655 Ordinary Shares to its majority shareholder, United Investment and Consultancy Co. Ltd. ('United') and; (ii) 14,468,204 Ordinary Shares to its remaining minority shareholders, by way of an in-specie dividend (the 'Share Reorganisation').
As a result of the Share Reorganisation, the Company has been notified that the respective interests (within the meaning of the Companies Act) of AIL, United and one of AIL's minority shareholders will be as follows (in each case representing, or which will represent, directly or indirectly, 3% or more of the issued share capital of the Company ('Issued Share Capital')):
| Name | Number of Ordinary Shares | Percentage of Issued Share Capital (%) |
|---|---|---|
| AIL | 17,709,442 | 14.76 |
| United | 55,200,655 | 46.01 |
| Smart Business Investments Ltd. | 4,349,410 | 3.63 |
Recognising the change of shareholdings resulting from the Share Reorganisation, AIL consulted with Bowsprit Partners Limited ('Bowsprit Partners') pursuant to the orderly market terms of the lock-in agreement entered into between the Company, Bowsprit Partners and Amicorp Limited on 2 June 2023 ('IPO Lock-In') (subsequently novated from Amicorp Limited to AIL on 8 February 2024). AIL remains bound by the orderly market terms of the IPO Lock-In in respect of its remaining shareholding.
Furthermore, as a result of AIL no longer holding 20% or more of the voting capital of the Company, its obligations under the relationship agreement entered into by the Company and Amicorp Limited on 2 June 2023 (subsequently novated to AIL) automatically terminated upon completion of the Share Reorganisation. These obligations were simultaneously novated to United pursuant to a deed of novation entered into by United and the Company on 21 February 2025.
The Share Reorganisation does not change the total voting rights in the Company, which remain at 119,968,000.
| Zeus (Broker) Martin Green / Louisa Waddell (Investment Banking) Benjamin Robertson (Corporate Broking) | Tel: +44 (0) 20 3829 5000 www.zeuscapital.co.uk |
| Media enquiries: Burson Buchanan (Financial Communications) Simon Compton Verity Parker | Tel: + 44 (0) 20 7466 5000 AmicorpFS@buchanan.uk.com www.bursonbuchanan.com |
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