TIDMAMD 
 
Pennine AIM VCT 6 plc ("P6") 
Pennine AIM VCT 5 plc ("P5") 
The AIM Distribution Trust plc ("AIMDIT") 
 
JOINT ANNOUNCEMENT - MERGER DISCUSSIONS 
 
The Boards  of  P6, P5  and  AIMDIT  are pleased  to  announce  that, 
following discussions,  they have  agreed, in  principle, subject  to 
shareholder approval, terms with  each other with  a view to  merging 
P6, P5 and AIMDIT together to create one larger entity.  Each of  the 
companies is  currently  managed by  Rathbone  Investment  Management 
Limited. 
 
If  the  merger  proceeds  it  would   be  by  way  of  "schemes   of 
reconstruction" pursuant to  S.110 of  the Insolvency  Act 1986  (the 
"Schemes").  Under the proposed  Schemes, the assets and  liabilities 
of each of P5 and AIMDIT will  be transferred to P6 using a  relative 
net asset basis  to create  one larger  VCT.  This  should produce  a 
significant reduction in running costs  as well as other benefits.  A 
merger effected  on this  basis would  be outside  the City  Code  on 
Takeovers and Mergers 
 
The proposed transactions  will require approval  of shareholders  of 
P6, P5 and AIMDIT. Formal documents are currently being prepared  and 
are expected to be sent out to all shareholders in due course. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
Aim Distribution Trust (LSE:AMD)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Aim Distribution Trust Charts.
Aim Distribution Trust (LSE:AMD)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Aim Distribution Trust Charts.