Nominations to the Board of Alliance Trust plc

17% of existing annuity holders would consider ‘cashing in’

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Julia Grimes
Published: 21 Apr 2015 Updated: 03 May 2016

Tilney Bestinvest confirms that the firm intends to vote shares held in discretionary accounts in favour of Resolutions 14, 15 and 16 at the Alliance Trust plc Annual General Meeting on 29 April in favour of the election of Anthony Brooke, Peter Chambers and Rory MacNamara be elected as Directors of the company.

After due diligence and consideration of the issues raised by both the Board of Alliance Trust plc and Elliott Advisors (UK) Limited who have nominated these three proposed non-executive directors, we have concluded that the three proposed directors are independent and that they will bring additional expertise to the Board of Alliance Trust to the benefit of shareholders.

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Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This press release does not constitute personal advice.

About Tilney Bestinvest

Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.

The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.

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This release was previously published on Tilney Smith & Williamson prior to the launch of Evelyn Partners.