Athol wins over Worship Street, more deals in pipeline
Athol Gold and Value, the AIM listed investment company, says that it has now received shareholder approval for its purchase of Worship Street Investments.
Athol Gold and Value, the AIM listed investment company, says that it has now received shareholder approval for its purchase of Worship Street Investments.
The deal was approved at a shareholder meeting on December 30.
Worship Street will now delist and distribute to all of its 450 shareholders the 305,432,127 Athol Shares it acquired to facilitate the transaction.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Jennifer Allsop, the Chief Executive of Athol said:
"Our funds under management have today increased by almost 50%. We have more than doubled our shareholder list. Other deals of a similar nature are in the pipeline and our aim of creating a vehicle with highly liquid shares, serious funds under management and which is able to deliver value by rationalising the plethora of sub critical investment companies on AIM and PLUS has moved one step closer."
Last year Athol shares fell 62% in value.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'
Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?
To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.