Last checked at 
23 Jul 2020 16:50
To: RNS
From: Personal Assets Trust plc
LEI: 213800Z7ABM7RLQ41516
Date: 23 July 2020
Personal Assets Trust plc
Publication of Circular
In order to meet the continuing demand for ordinary shares in Personal Assets Trust plc (the "Company"), the Board of Directors of the Company is seeking an early renewal of its authority to issue further Ordinary shares on a non pre-emptive basis. Accordingly, the Company has published a circular convening a general meeting (the "General Meeting") to be held at 11.00 a.m. on 10 August 2020 at 21 Walker Street, Edinburgh EH3 7HX.
At the General Meeting resolutions will be put to shareholders to give the Board authority to allot up to 142,118 Ordinary shares (which represents 5 per cent. of the Company's current issued share capital) and to disapply the rights of pre-emption in relation to the allotment of these shares.
If such authorities are granted by shareholders the Directors will use the authority to issue shares on a non pre-emptive basis only: (i) at a premium to net asset value per Ordinary share; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company and its shareholders to do so.
A copy of the circular has been submitted to the Financial Conduct Authority and will be available for inspection at the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
PATAC Limited
Company Secretary
Enquiries: 0131 538 1400