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RIT Capital will not bid for Alliance Trust

RIT Capital will not bid for Alliance Trust

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No intention to make an offer for Alliance Trust plc

On 31 May 2016, RIT Capital Partners announced that the possibility of combining the Company with Alliance Trust for the benefit of both sets of shareholders was at a preliminary stage of consideration.

Following careful analysis and constructive discussions with representatives of Alliance Trust, RIT Capital Partners has concluded that it would not be in the best interests of its shareholders to make an offer for Alliance Trust and accordingly announces that it does not intend to make an offer to acquire Alliance Trust.

The Board of RIT Capital Partners respects the process which Alliance Trust are going through and wishes them well with their strategic review.

RCP : RIT Capital will not bid for Alliance Trust

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