Amati Global Investors Limited (“Amati”) has received notice of the termination of its contract to act as discretionary fund manager of Amati AIM VCT plc (“Amati AIM VCT” or “the Company”). This notice was served by the Board of the Company on Monday 2 December.  Amati will continue to act as fund manager for Amati AIM VCT for the duration of its notice period, which is twelve months.  

The decision that the Amati AIM VCT Board arrived at following their review was not the outcome that we at Amati had hoped for as we would have liked to have had the opportunity to continue managing the VCT. 

The timetable for a vote on the potential change of investment policy has not yet been set and the Board will send out further details to shareholders on this in due course.   

All of us at Amati would like to assure investors that we remain completely committed to managing Amati AIM VCT during the notice period in accordance with its existing strategy. Should you wish to contact Amati on the above, please email info@amatiglobal.com.  The Chair of the Board is also welcoming feedback & questions from shareholders via email at AmatiAIMVCTChair@amatiglobal.com.   

Paul Jourdan, CEO of Amati Global Investors, commented: “Managing Amati AIM VCT and its antecedents for close to 20 years, starting with the launch of First State AIM VCT in 2005, has been a great privilege. We are naturally disappointed with the outcome of the review.  I am personally hugely grateful for the support from investors over this long period.” 

To view the announcement from the Amati AIM VCT Board, please click here