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IN BRIEF: Amati AIM VCT launches strategic review amid "challenges"

15th Mar 2024 13:41

Amati AIM VCT PLC - invests in AIM-quoted growth companies - On Thursday, launches review of "strategic options" due to "ongoing challenges in the AIM market and the resultant performance issues faced by the company". The review will consider whether the venture capital trust should expand its investment strategy to allow investment in a wider range of securities. The review also will consider the implications of the likely takeover of a major shareholder in its investment manager. Amati Global Investors Ltd, the manager, is 49% owned by Mattioli Woods PLC, which last week agreed to a takeover offer from funds managed by Pollen Street Capital Ltd.

Current stock price: 86.00 pence

12-month change: down 24%

By Tom Waite, Alliance News editor

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