Frequently Asked Questions

There is more detail in the Circular document but in summary, if approved, LondonMetric will acquire CTPT in full. In exchange, CTPT shareholders be issued with new LondonMetric shares (0.455 shares for each CTPT share held).

You can find more information in the Circular about the background and why the Board are recommending this to shareholders.

You can find information about their investment approach and results at londonmetric.com

The key dates in the timeline are:

All resolutions were duly passed with over 98% support from shareholders who voted on each resolution. 

The 30 June 2023 dividend will be paid to eligible CTPT shareholders as normal.  This will be paid out/reinvested to CT Savings Plan holders in accordance with the instruction on your plan.

If the Scheme is approved, this will be the last dividend paid by CTPT.

Future dividends paid on any LondonMetric would not be reinvested but the cash would be held on your CT Savings Plan until we receive further instruction from you.

All resolutions were duly passed at the Meetings on 18 July 2023. We’ll update this page once we know the result of the Guernsey Court sanction hearing

If the Scheme is approved, your shares will automatically be converted into LondonMetric shares.  You’ll see these if you log into your account online or in your regular quarterly valuation statements.

Since LondonMetric is not an investment option in the CT Savings Plan, they can’t be held in the CT Savings Plans for more than 3 months from the Effective Date.  We’ll write to you shortly after the Effective Date to confirm the options and timeframes to remove the shares from your account.  LondonMetric do not have an equivalent Savings Plan. 

The details of the Options (including the timescales and default option if plan holders do not reply) are still be finalised.  These Options depend on the type of Savings Plan that you hold.

Yes – you can still buy or sell CTPT shares in line with the normal terms and conditions of your Savings Plan.

The last dealing day in CTPT through the Savings Plans will be 2 August 2023 (with the trade settling on 4 August – the Business Day prior to the Court Hearing).

This means that the last date to receive instructions to buy or sell CTPT shares will be 1 August 2023 (31 July 2023 if you are switching into CTPT).

Instructions received after this date will be rejected.

It will not be possible to buy additional LondonMetric shares within the CT Savings Plans. You will, however, be able to sell your shares or transfer them out of your Plan.

Our 9 other investment options are unaffected and you can find more information about these here.  You always have the option to sell your CTPT or LondonMetric shares and transfer the proceeds into another investment option. 

You can make this change

• Through our online service or mobile app*
• By phoning us on 0345 600 3030*
• By completing a “Change of Investment Instruction” form

* Not available to investments held in joint names, trust or corporate accounts.