30 Jun 2022 15:22
CT Private Equity Trust PLC
(Formerly known as BMO Private Equity Trust PLC)
LEI: 2138009FW98WZFCGRN66
Change of Name
BMO Private Equity Trust PLC ("the Company") announces that it has changed its name to CT Private Equity Trust PLC.
The change has been approved by the Board of Directors in accordance with the Company's Articles of Association.
The Company's shares will trade under the new name on the London Stock Exchange from 8.00 a.m. London time on 1 July 2022.
The Company's trading instrument display mnemonic ("TIDM") will change to CTPE. The ISIN and SEDOL numbers will remain unchanged.
The Company's website address will be amended to reflect the change of name and from 4 July 2022 will become ctprivateequitytrust.com.
Shareholders are unaffected by the changes and existing share certificates will remain valid and should be retained. The investment policy and processes remain the same under the same Manager with Hamish Mair as Fund Manager.
Background
Your Company's investment manager is part of BMO GAM (EMEA) which, in November 2021, was acquired by, and is currently being integrated into, Columbia Threadneedle Investments. Columbia Threadneedle has been working hard to integrate both organisations in a considered and thoughtful way, focused on delivering the best possible outcomes for all its clients.
The combined business now has more than 2,500 staff, including over 650 investment professionals based in North America, Europe and Asia. At 31 March 2022 Columbia Threadneedle managed £531 billion of client assets. The transaction also brings additional capabilities to Columbia Threadneedle in areas such as investment trusts, investment solutions, alternatives and responsible investment.
From 4 July 2022, the entire BMO GAM (EMEA) business will be rebranded as Columbia Threadneedle Investments, unifying the businesses under its global brand. Aligned to this date, all savings plan products and legal entities, which currently operate under the "BMO" prefix, will also use the "CT" prefix.
Benefits for shareholders
Many of the Company's Shareholders invest through the BMO savings plans. With the BMO brand changing to Columbia Threadneedle Investments (www.ctinvest.co.uk), the Company's Board has resolved that continuing to align with the brand of its Manager, as well as the saving schemes, avoids unnecessary confusion, and ensures the Company maximises the benefits of the broader Columbia Threadneedle Investments brand.
For further information please contact:
CT Private Equity Trust PLC | |
Hamish Mair (Investment Manager) | 0131 718 1000 |
Scott McEllen (Company Secretary) | 0131 718 1000 |
hamish.mair@bmogam.com / scott.mcellen@bmogam.com | |