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European Assets Trust: shareholders approve voluntary liquidation as part of merger with ESCT

Shareholders of European Assets Trust voted 96.24% in favour of the voluntary liquidation, part of the proposed merger with The European Smaller Companies Trust (ESCT). Derek Hyslop and Richard Barker of Ernst & Young were appointed joint liquidators. Shareholders who chose the cash payment will receive 97.036985 pence per ordinary share with B rights; exchange electors will receive about 0.428444 new ESCT shares per ordinary share with A rights. Trading was suspended on 15 October and the transfer of ESCT shares will take place on 16 October via CREST. The board has established a liquidation pool, including a provision of £100,000 for unknown liabilities and around £2.4m of reclaimable withholding tax; remaining funds will be paid to registered shareholders. » More on de.investing.com
European Assets Trust: cash offer in merger plan with ESCT heavily oversubscribed

The cash option in the planned merger of European Assets Trust with The European Smaller Companies Trust was oversubscribed. Applications received amounted to 30.3% of issued ordinary shares, while the offer was limited to 15%, with 109,241,263 shares applied for. After scaling back, around 85% of ordinary shares will be exchanged for new ESCT shares and 15% will be settled in cash; excess applications will be met at about 23.5%. In total, 306,058,888 ordinary shares with “A” rights and 54,010,391 with “B” rights will be reclassified; the reclassification is expected to take effect after approval by the FCA and LSE on Tuesday, and trading is likely to be suspended on 15 October. » More on de.investing.com
European Assets Trust shareholders approve merger with The European Smaller Companies Trust

Shareholders of European Assets Trust approved the planned merger with The European Smaller Companies Trust in two special resolutions, each with over 96% support. The reclassification of shares into A and B rights and other constitutional amendments were approved; participation rates were around 27.1% of voting rights. As a result of the approvals, the shares will be blocked for CREST settlement from 8 October at 18:00, trading will be suspended from 9 October at 7:30, and the listing will be suspended again after reclassification in mid‑October. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2024, EUROPEAN ASSETS TRUST NV-O has already paid €0.0696 in dividends. The last payout was in October 2024.

Financials

In the last quarter, EUROPEAN ASSETS TRUST NV-O had revenue of €18.98m and net profit of €35.03m

(EUR)	June 2025	YoY
Revenue	18.98m	-
Gross profit	38.53m	-
Net profit	35.03m	-
EBITDA	36.42m	-

Fundamentals

Metric	Value
Market capitalization	€391.94m
Number of shares	360.07m
52-week high/low	€1.21 - €0.0109
Dividends	No
Beta	1.17
P/E ratio	24.52
PEG ratio	0.25
P/B ratio	0.99
P/S ratio	82.99

Company profile

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by BMO Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index. The fund benchmarks the performance of its portfolio against the Euromoney Smaller European Companies (ex-UK) Index. European Assets Trust PLC was formed in 1972 and is domiciled in the United Kingdom.