Assetco Share News (ASTO)

PRESS: Blow for abrdn as former unit may fetch premium - Sky News

(Alliance News) - A large stake in one-time abrdn PLC unit Parmenion may be sold in a deal which values it a significant premium to what the London listing sold it for last year, Sky News reported on Wednesday.

IN BRIEF: R&M chief executive buys GBP350,000 in AssetCo shares

AssetCo PLC - London-based advisory and asset management firm - Elizabeth Hoctor-Duncan, a connected person to Alex Hoctor-Duncan, buys 472,972 shares at GBP0.74, worth GBP350,000, in London on Thursday. Elizabeth Hoctor-Duncan now is interested in 695,742 shares. Alex Hoctor-Duncan is chief executive officer of River & Mercantile Group, which was acquired by AssetCo earlier this year.

IN BRIEF: AssetCo completes USD8.8 million River & Mercantile US sale

AssetCo PLC - London-based advisory and asset management firm - Completes the sale of River & Mercantile US Holdings Ltd for USD8.8 million to Agilis Holdings Company LLC.

AssetCo completes Revera purchase at reduced price of GBP1.1 million

(Alliance News) - AssetCo PLC on Friday said that its acquisition of Revera Asset Management Ltd has received approval from the Financial Conduct Authority.

UK shareholder meetings calendar - next 7 days

IN BRIEF: AssetCo plans 1-into-10 share split and dividend payments

AssetCo PLC - London-based advisory and asset management - Plans share split and cancellation of share premium account in order to make share price more affordable for retail investors and clear the way for dividend payments. Each existing ordinary share will be replaced by 10 new ones. AssetCo notes recent increase in number of retail investors holding its shares. The sub-division will make smaller-sized dealings more efficient, improving trading liquidity, it says. The cancellation of the share premium account will allow for the payment of 13.0 pence per share dividend, or 1.3p after the 1-into-10 split, in the fourth quarter. Afterwards, AssetCo says it intends to adopt a progressive dividend policy.

IN BRIEF: Connected person of AssetCo Non-Executive buys shares

AssetCo PLC - Middle East-focused provider of management and resources to the fire and emergency services - Anne Dawson, a connected person to Non-Executive Director Jonathan Dawson, buys 19,000 shares at 793 pence each on Thursday, in a deal worth GBP150,670. Jonathan Dawson now holds a beneficial interest in 34,781 shares.

AssetCo to buy asset manager SVM for £10.7m

(Sharecast News) - AIM-listed asset and wealth management company AssetCo said on Tuesday that it had agreed to buy Edinburgh-based asset manager SVM for around £10.7m.

Martin Gilbert's AssetCo buys Edinburgh-based SVM Asset Management

(Alliance News) - AssetCo PLC on Tuesday said it has reached an agreement to buy Edinburgh-based SVM Asset Management Holdings Ltd, building its Scottish presence.

AssetCo swings to half-year loss; in "sound shape" as R&M deal closes

(Alliance News) - AssetCo PLC on Wednesday said it swung to a half-year loss in a busy period for the firm as it bought River & Mercantile Group PLC.

IN BRIEF: River & Mercantile shares suspended as takeover complete

River & Mercantile Group PLC - London-based advisory and asset management company - Shares suspended from trading on Tuesday at request of company with takeover by AssetCo PLC complete. Shares to be cancelled from trading on London Main Market on Wednesday.

IN BRIEF: AssetCo's takeover of River & Mercantile gains FCA approval

River & Mercantile Group PLC - London-based advisory and asset management company - Receives change in control approval from the UK Financial Conduct Authority for takeover by AssetCo PLC.

LONDON MARKET CLOSE: Dour day in Europe as New York struggles again

(Alliance News) - European equities slumped on Thursday, after deep sell-offs in New York on Wednesday as retailers across the Atlantic faced heavy selling pressure following a series of warnings on costs, margins and profits.

SMALL-CAP WINNERS & LOSERS: R&M-AssetCo deal gets FCA green light

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

UK shareholder meetings calendar - next 7 days