Lindsell Train Investment Trust Sells Stake in Lindsell Train Limited
Why we think this is neutral
The RNS announcement provides limited information, with no details on the company's financial performance or outlook. While the sale of shares in Lindsell Train Limited suggests the investment trust is generating cash, there are no clear positive or negative signals in the announcement. Without more context, the overall sentiment is neutral.
Key Points
- LTIT is selling 49 shares in Lindsell Train Limited
- Shares will be sold at LTL's prevailing market price of £7,572.38 per share
- LTIT's holdings in LTL will be reduced to 6,252 shares
Summary
The investment trust is selling a portion of its stake in the asset management firm Lindsell Train Limited, but the announcement lacks details on the rationale or impact of the sale.
Lindsell Train Investment Trust plc (LTIT) has agreed to sell 49 of its shares in Lindsell Train Limited (LTL) to the executive employees of LTL. The shares will be sold at LTL's prevailing market price of £7,572.38 per share, reducing LTIT's holdings to 6,252 shares of LTL.
TRADING UPDATE