Liontrust Asset Management (LIO)

Sector:

Financials

Index:

FTSE Small Cap

657.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 855.00
  • 52 Week Low: 523.50
  • Currency: UK Pounds
  • Shares Issued: 64.94m
  • Volume: 131,025
  • Market Cap: £426.63m
  • RiskGrade: 183

Liontrust extends offer period for GAM

By Josh White

Date: Friday 28 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Liontrust Asset Management announced an extension of the offer period for its proposed acquisition of GAM on Friday.
The FTSE 250 company said the extension came as it looked to engage in constructive discussions with GAM shareholders, including NewGAMe, and provide enough time for shareholders to consider additional announcements related to the proposed acquisition.

It said the main offer period would now close on 4 August at 1600 CEST.

The proposed acquisition, which was first announced on 4 May, would se Liontrust acquire the entire issued share capital of GAM, with the firm expressing its belief on Friday that the combination would yield positive outcomes for GAM's shareholders, clients, and employees, including its investment managers.

"The Liontrust offer is based on extensive due diligence, a comprehensive understanding of GAM's financial situation and the fact that, in Liontrust's view, GAM is not viable as a standalone business," the company's board said in its statement.

"The significant cash that is on GAM's balance sheet is not free for the business to use as it wishes, but has to be retained as regulatory capital."

Liontrust added that throughout the process, it had sought to "create corporate and financial stability for GAM" and do what in its view was in the best interests of all of GAM's shareholders, clients and employees.

"Liontrust has always believed that its offer and strategy for ensuring the growth of the combined Liontrust-GAM group is the best way to achieve this."

At 0848 BST, shares in Liontrust Asset Management were down 0.97% at 666.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LIO Market Data

Currency UK Pounds
Share Price 657.00p
Change Today -8.00p
% Change -1.20 %
52 Week High 855.00
52 Week Low 523.50
Volume 131,025
Shares Issued 64.94m
Market Cap £426.63m
RiskGrade 183

LIO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.29% below the market average55.29% below the market average55.29% below the market average55.29% below the market average55.29% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average
Price Trend
1% below the market average1% below the market average1% below the market average1% below the market average1% below the market average
3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average
Income
65.74% above the market average65.74% above the market average65.74% above the market average65.74% above the market average65.74% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Growth
4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average
2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 1
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LIO Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 04-Jul-24 23-Nov-23
Paid 09-Aug-24 05-Jan-24
Amount 50.00p 22.00p

Trades for 19-Jul-2024

Time Volume / Share Price
16:03 0 @ 655.00p
16:03 0 @ 655.00p
16:03 0 @ 655.00p
16:03 0 @ 655.00p
15:38 7 @ 653.00p

LIO Key Personnel

CEO John Stephen Ions

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