4 Apr 2017 07:00
Tax Systems Plc
("Tax Systems" or the "Company")
Clarification re Henderson TR-1
The Company understands that the transfer in specie notified by Henderson relates to the transfer of the Volantis Team, and the funds managed by them, from Henderson to Lombard Odier* with no change in underlying beneficial ownership.
The Company expects to receive a notification form Lombard Odier in due course.
*Henderson Global Investors (Holdings) Limited ("Henderson") and Lombard Odier Asset Management (Europe) Limited ("Lombard Odier") entered into an agreement whereby the management of the funds managed by the Volantis team was transferred from affiliates of Henderson to affiliates of Lombard Odier, effective from 1st April 2017.
Tax Systems plc
Gavin Lyons, Chief Executive Officer +44 20 3845 3552
MXC Capital Markets LLP (Financial Adviser)
Marc Young/Charlotte Stranner +44 20 7965 8149
finnCap Limited (Nomad and Broker)
Jonny Franklin-Adams/James Thompson +44 20 7220 0500
TAX.L (TAX)