LIO Liontrust Asset Management Plc

TIDMLIO

RNS Number : 8277D

Liontrust Asset Management PLC

02 November 2020

LEI: 549300XVXU6S7PLCL855

For immediate release

2 November 2020

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Update on the Acquisition of the Architas UK Investment Business

On 1 July 2020, Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, announced that it had entered into a conditional sale and purchase agreement with Architas Limited, a wholly owned subsidiary of AXA S.A., to purchase (the "Acquisition") the entire issued share capital of Architas Multi-Manager Limited and Architas Advisory Services Limited (together, the "Architas UK Investment Business") for a total consideration of up to GBP75 million (inclusive of the expected net asset value of the Architas UK Investment Business).

Liontrust further announces that the Acquisition completed on 30 October 2020, adding GBP5,691 million to assets under management and advice ("AuMA", calculated as at close of business on 23 October 2020 for the funds and as at 30 September 2020 for the investment advisory services) taking Liontrust AuMA to GBP26.8 billion(1) .

John Ions, Chief Executive of Liontrust, said: "This is an important strategic acquisition for Liontrust. Completing the purchase expands our distribution among financial advisers through the scale of the combined multi-asset businesses, the strength of the merged investment team, the broad range of multi-asset multi-manager portfolios and funds and enhanced client service.

"By offering both risk profiled funds and target risk portfolios, we will help advisers meet their suitability requirements by being able to choose the solution that best addresses their clients' individual needs for investment and risk.

"Given our investment, sales and marketing capability, I have great confidence that we will grow the multi-asset portfolios and funds over the next few years."

(1) Liontrust AuMA as at 23 October 2020 was GBP21,060 million.

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions

Vinay Abrol

Simon Hildrey - Chief Marketing Officer

David Boyle - Head of Corporate Development

N+1 Singer Advisory LLP (Tel: 020 7496 3000)

Corporate Broking- Tom Salvesen

Panmure Gordon (Tel: 020 7886 2500)

Corporate Advisory: Stephen Howard, Antoine Dupont-Madinier, Dominic Morley

Corporate Broking: Charles Leigh-Pemberton

Important Notices

Forward Looking Statements

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust and its subsidiaries (the "Group"). These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Group's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements. Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority). Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.

Other information

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, transmitted or distributed should inform themselves about and observe such restrictions. In particular (but without limitation) this announcement is not for release, publication or distribution, directly or indirectly, to US persons, or into the United States, or into or from Canada or any other jurisdiction in which the same would be unlawful. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

ENDS

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November 02, 2020 02:00 ET (07:00 GMT)

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