M&L Property & Assets Plc (the "Company") Change of Asset Manager Following a corporate reorganisation at Midas Investment Management Limited ("Midas"), the Company's asset manager, the asset management agreement between the Company and Midas will be novated to a new entity named M & L Capital Management Limited ("MLCM"). The commercial terms of the asset management agreement will be unchanged. The novation of the asset management agreement (the "Transaction") is deemed to be a related party transaction pursuant to AIM Rule 13, as both Midas and MLCM are 100 per cent owned subsidiaries of M&M Investment Company plc, which is a company 100 per cent owned by Mark Sheppard and trusts associated with Mr. Sheppard and his immediate family. The directors of the Company, who are independent of the Transaction, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, consider that the terms of the Transaction are fair and reasonable insofar as the Company's shareholders are concerned. For further information, please contact: Asset Manager: M & L Capital Management Limited Mark Sheppard Tel: 00 44 (0) 20 7584 5733 Nominated Adviser: Cairn Financial Advisers LLP Liam Murray Tel: 00 44 (0) 20 7148 7900
End-of-day quote
Other stock markets
|
||
- GBX | - |
- Stock Market
- Equities
- Stock
- News M&L Property & Assets PLC
- M&L PROPERTY & ASSETS : Change of Adviser