Athelney exploring ways of expanding – Athelney Trust is undertaking extensive consultation with shareholders and potential new investors, which may lead to a tender offer for any existing shareholders who wish to exit, coinciding with an issue of new shares.
Directors and their advisers will be contacting shareholders directly. Any shareholder wishing to discuss this is invited to contact the Company Secretary – Secretary@AthelneyTrust.co.uk. The end result should be an enlarged trust with supportive shareholders. One of the benefits of a larger size should mean a reduced ongoing charge figure as fixed costs would be spread over a larger asset base.
A further announcement will be made at the end of this consultation process.
Manny Pohl, Managing Director, Athelney Trust, said “Following the departure of Robin Boyle, who had managed the company since launch, we want to help those investors who wish to exit their holding. At the same time, we will be looking to raise additional funds to invest in line with our stated investment policy. This policy remains to provide shareholders with prospects for long term capital growth, with the risks inherent in small cap investment minimised through a spread of holdings across various industries and sectors, whilst aiming to maintain a progressive dividend yield. The end result should be a fund larger in size than it is at the moment, which should reduce our ongoing charge figure and improve liquidity, without incurring significant issue costs.”
ATY : Athelney exploring ways of expanding