LONDON (ShareCast) - Athol Gold and Value, the AIM listed investment company, says that it has now received shareholder approval for its purchase of Worship Street Investments.

The deal was approved at a shareholder meeting on December 30.

Worship Street will now delist and distribute to all of its 450 shareholders the 305,432,127 Athol Shares it acquired to facilitate the transaction.

Jennifer Allsop, the Chief Executive of Athol said:

"Our funds under management have today increased by almost 50%. We have more than doubled our shareholder list. Other deals of a similar nature are in the pipeline and our aim of creating a vehicle with highly liquid shares, serious funds under management and which is able to deliver value by rationalising the plethora of sub critical investment companies on AIM and PLUS has moved one step closer.”

Last year Athol shares fell 62% in value.

BS

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