Assetco Regulatory News (ASTO)

PDMR

PDMR/PCA holding

Number of Shares acquired as a result of the Transaction

Holdings in Company (post completion of the Transaction)

Mark Butcher

PDMR

1,958

8,854

Tudor Davies

Shares held by Cadoc Limited (PCA to Tudor Davies)

7,392

207,392

Christopher Mills

Shares held by Harwood Capital (PCA to Christopher Mills)

119,886

1,991,386

Campbell Fleming

Shares held by Fleming Flagship Limited (PCA to Campbell Fleming)

1,391

151,391

Alex Hoctor-Duncan

Shares held by Elizabeth Hoctor-Duncan (PCA to Alex Hoctor-Duncan)

13,947

13,947

Jonathan Dawson

Shares held by Anne Rosemary Dawson (PCA to Jonathan Dawson)

7,451

7,451

AssetCo plc

Campbell Fleming, CEO

Peter McKellar, Deputy Chairman

James Thorneley, Head of Communications

Tel: +44 (0) 7958 005141

Numis Securities Limited

Nominated adviser and joint broker

Stephen Westgate / Charles Farquhar/ Giles Rolls

Tel: +44 (0) 20 7260 1000

Panmure Gordon (UK) Limited

Joint broker

Charles Leigh-Pemberton / Atholl Tweedie / Gabriel Hamlyn

Tel: +44 (0) 20 7886 2906

Maitland/AMO

Neil Bennett

Rachel Cohen

Tel: +44 (0) 20 7379 5151

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Butcher

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

1,958

d)

Aggregated information

- Aggregated volume

1,958

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Cadoc Limited

2

Reason for the notification

a)

Position/status

PCA

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

7,392

d)

Aggregated information

- Aggregated volume

7,392

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Harwood Capital

2

Reason for the notification

a)

Position/status

PCA

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

119,886

d)

Aggregated information

- Aggregated volume

119,886

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fleming Flagship Limited

2

Reason for the notification

a)

Position/status

PCA

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

1,391

d)

Aggregated information

- Aggregated volume

1,391

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Elizabeth Hoctor-Duncan

2

Reason for the notification

a)

Position/status

PCA

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

13,947

d)

Aggregated information

- Aggregated volume

13,947

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Anne Rosemary Dawson

2

Reason for the notification

a)

Position/status

PCA

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AssetCo plc

b)

LEI

213800LFMHKVNTZ7GV45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each

Identification code

GB00B42VYZ16

b)

Nature of the transaction

Acquisition of Shares as a consequence of the acquisition of River and Mercantile Group PLC by the Company

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

7,451

d)

Aggregated information

- Aggregated volume

7,451

- Price

Exchange ratio applicable under the terms of the Scheme of Arrangement whereby shares held in River and Mercantile Group PLC were in effect exchanged on a one for 0.07392 basis, for shares in the Company

e)

Date of the transaction

15 June 2022

f)

Place of the transaction

Outside a trading venue