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On 21 November 2016 Zurich Insurance Company Ltd, the 100% shareholder of ADIF’s Manager, Allied Dunbar International Fund Managers Limited (ADIFM), entered into an agreement to sell ADIFM to Charles Taylor Holdings (IOM) Limited, a wholly owned subsidiary of Charles Taylor plc which is listed on the London Stock Exchange. Charles Taylor is a leading provider of professional services to clients across the global insurance market. It has been providing such services since 1884 and today employs around 1,700 staff in 71 offices spread across 28 countries. Further information is available on their website: www.ctplc.com. The sale is subject to approval by the Isle of Man Financial Services Authority (IOMFSA).