Pacific Assets Trust cash election oversubscribes, scaled back under reconstruction scheme into ATR

Bitget2026/09/21 16:26

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Pacific Assets Trust received cash elections for 33,070,220 shares under its Section 110 reconstruction and members’ voluntary winding up scheme.
Cash option capped at 25% of shares in issue, or 28,565,626 shares; oversubscription triggered pro rata scaling.
Excess cash elections cut back; 74.7% of excess applications satisfied, remainder allocated into new Schroder Asian Total Return shares.
Post scale-back, 75% of shares will roll into Schroder Asian Total Return; 28,565,626 shares take cash.
Shares to be reclassified into 85,696,881 “A” rights shares for new shares, 28,565,626 “B” rights shares for cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Assets Trust plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609211057PR_NEWS_PRUKDSCX_0102) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pacific Assets Trust cash election oversubscribes, scaled back under reconstruction scheme into ATR

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