Schedule One - AssetCo plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

AssetCo plc ("AssetCo" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

AssetCo Registered Office and Principal Place of Business

Singleton Court Business Park

Wonastow Road

Monmouth

Monmouthshire

United Kingdom

NP25 5JA

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.assetco.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

The Company's strategy is to develop an agile asset and wealth management company that meets the needs of investors in the 21st century by acquiring, managing and operating asset and wealth management activities and interests, together with other related services. The following acquisitions were made in the period since Readmission to AIM on 16th April 2021.

- 100% of Saracen Fund Managers Limited - a small fund management firm which serves as a platform to grow high conviction, high alpha, niche equity strategies

- 68% of Rize ETF Ltd - a specialist thematic ETF issuer

- 30% of Parmenion Capital Partners LLP - a discretionary investment manager and advisory platform for the wealth and financial planning sector

- The Company has reached an agreement to acquire the entire issued share capital of Revera Asset Management Limited - an Edinburgh-based investment boutique dedicated to UK equity investments

The Company is in the process of acquiring the entire issued share capital of River and Mercantile Group plc ("RMG"), other than RMG shares already beneficially owned by the Company, by way of an all-share offer. The acquisition constitutes a reverse takeover pursuant to AIM Rule 14 and therefore a Readmission Document is required for the enlarged group.

The main country of operation is the United Kingdom. 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of Ordinary Shares of 10p nominal value ("Ordinary Shares") for which Admission is being sought: TBC

Price per Ordinary Share: TBC

No Ordinary Shares will be held in treasury on Admission.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised: N/A

Anticipated market capitalisation on Admission: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Martin James Gilbert - (Chairman)

Peter Archibald McKellar - (Deputy Chairman)

Campbell David Fleming - (Chief Executive Officer)

Jonathan Donald Sherlock Dawson - (Senior Independent Non-Executive Director)

Alexander Mark Butcher - (Non-Executive Director, Independent)

Tudor Griffith Davies - (Non-Executive Director)

Christopher Harwood Bernard Mills - (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

*Current Shareholders in RMG

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

i. 30 September

ii.

a. 30 September 2021 - audited annual report for AssetCo

b. 30 June 2021 - audited annual report for RMG

iii. The first three reports published, pursuant to AIM rules 18 and 19, must be published by:

a. 30 June 2022 (the half year report for the six months ending 31 March 2022)

b. 31 March 2023 (the annual report and accounts for the period ending 30 September 2022)

c. 30 June 2023 (the half year report for the six months ending 31 March 2023)

EXPECTED ADMISSION DATE:

 15 June 2022

NAME AND ADDRESS OF NOMINATED ADVISER:

Numis Securities Limited

45 Gresham Street

London

EC2V 7BF

NAME AND ADDRESS OF BROKER:

Numis Securities Limited

45 Gresham Street

London

EC2V 7BF

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document will be available from the offices of Numis Securities Limited, 45 Gresham Street, London, EC2V 7BF

A digital copy of the admission document, containing full details about the applicant and the admission of its securities will be available on the Company's website at:

www.assetco.com

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

From Admission, the Board intends to adhere to the QCA Corporate Governance Code.

DATE OF NOTIFICATION:

30 May 2022

NEW/ UPDATE:

NEW