29th Sep 2025 11:36
(Alliance News) - Fidelity European Trust PLC on Monday said it has appointed two new non-executive directors, Vicky Hastings and Rutger Koopmans, effective September Monday.
Hastings most recently served as non-executive chair of Henderson European Trust PLC, which last week completed its merger with Fidelity European.
On Friday, Fidelity European confirmed it was acquiring GBP462.7 million in net assets from Henderson European following shareholder approval of the combination.
Both companies were FTSE 250-listed investors in European equities, managed respectively by Bermuda-based Fidelity International Ltd and London-based Janus Henderson Group PLC.
The merger was structured as a voluntary wind-up of Henderson European, with part of its assets transferred to Fidelity European. In exchange, Fidelity European is issuing 111.9 million new shares to Henderson European shareholders, unless they opt for a limited cash alternative capped at one-third of shares.
The number of shares issued was calculated on a formula asset value-for-asset value basis, equating to 0.510196 of a new Fidelity European share for every Henderson European rollover share.
Shares in Fidelity European Trust were up 0.5% at 408.63 pence on Monday morning.
By Eva Castanedo, Alliance News reporter
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