Interim Management Statement

WORLDWIDE HEALTHCARE TRUST PLC Interim Management Statement - 3 months to 30 June 2014 (unaudited) Worldwide Healthcare Trust PLC invests worldwide in a diversified portfolio of shares in pharmaceutical and biotechnology companies and related securities in the healthcare sector with the objective of achieving a high level of capital growth. During the 3 month period ended 30 June 2014 the Company's fully diluted net asset value per share total return was +3.3% and the Company's share price total return was +0.8%. The Company's benchmark, the MSCI World Health Care Index measured in sterling terms on a total return basis rose by 2.2% in the same period. During the period, exposure to Europe increased while the portfolio's exposure to Asian and Emerging Markets was reduced. Exposure to North America remained unchanged. From the period-end to 28 July 2014, the Company's fully diluted net asset value per share total return was 0.9% and the Company's share price total return was 1.3%. The Company's benchmark, the MSCI World Health Care Index measured in sterling terms on a total return basis rose by 1.0% in the same period. During the period under review and to the date of this report 369,770 new shares were issued as a result of holders of subscription shares exercising their subscription rights. The exercise price is 699p and the next and final subscription date is 31 July 2014. Instructions to exercise subscription rights are required to be received by the Company's Registrars by the close of business in the UK on 31 July 2014. No shares were repurchased by the Company during the three-month period and to the date of this report and no shares are currently held by the Company in treasury. The Company paid a second interim dividend of 8.0p per share which, together with the first interim dividend of 7.0p per share already paid, made a total dividend for the year ended 31 March 2014 of 15.0p per share (2013:16.5p per share). The second interim dividend was paid on 4 July 2014 to ordinary shareholders on the register of members on 6 June 2014. The associated ex-dividend date was 4 June 2014. At the Company's Annual General Meeting, held on 14 July 2014, all of the resolutions, including the approval of the continuance of the Company as an investment trust for a further period of five years, were passed. In accordance with and in order to comply with the requirements of the Alternative Investment Fund Managers Directive, the Directors of the Company have appointed Frostrow Capital LLP as the designated Alternative Investment Fund Manager for the Company. The Company has also appointed J.P. Morgan Europe Limited as its depositary and J.P. Morgan Clearing Corp. to provide prime brokerage services to the Company replacing Goldman Sachs who previously acted as custodian and prime broker to the Company. OrbiMed Capital LLC continues to be responsible for the management of the Company's portfolio of investments. Trust Characteristics 30 June 2014 31 March 2014 Number of holdings 64 63 Net assets (£m) 653.8 636.2 Net yield 1.2% 1.3% Gearing (AIC basis) 10% 12% Share price (p) 1303.00 1301.00 NAV (p) undiluted 1397.81 1365.74 NAV (p) diluted: sub shares 1376.17 1339.97 Discount (undiluted) 6.8% 4.7% Discount diluted: sub 5.3% 2.9% shares Subscription share price 602.50 595.50 (p) Source: Frostrow Capital LLP 10 Largest Investments Name % of % of portfolio portfolio at 30 June 2014 at 31 March 2014 Roche 6.4 6.8 HCA 3.8 3.7 Bristol-Myers Squibb 3.7 3.3 Abbvie 3.6 2.8 Mylan 3.6 3.6 Merck & Co 3.5 3.7 Regeneron Pharmaceuticals 3.1 3.5 Amgen 3.0 3.3 Biogen Idec 2.9 3.0 Actelion 2.8 2.2 36.4 35.9 Source: Frostrow Capital LLP Sector Analysis % of % of portfolio portfolio at 30 June 2014 at 31 March 2014 Large capitalisation 72.3 74.1 Small capitalisation 27.7 25.9 Total 100.0 100.0 Source: Frostrow Capital LLP Geographical Analysis % of % of portfolio portfolio at 30 June 2014 at 31 March 2014 North America 73.7 73.6 Europe 15.6 11.4 Emerging Markets 6.1 8.5 Asia 4.6 6.5 Total 100.0 100.0 Source: Frostrow Capital LLP Total Return Performance 3 Months 1 Year 3 Years 5 Years Share price +0.8 +25.8 +82.2 +168.6 NAV Fully +3.3 +27.4 +76.6 +165.7 diluted Benchmark* +2.2 +14.2 +61.8 +136.2 Source: NAV (total return; fully diluted) and Share Price (total return) Morningstar. Benchmark - Bloomberg and Thomson Reuters * With effect from 1 October 2010, the performance of the Company is measured against the MSCI World Health Care Index measured on a total return basis in sterling terms. Prior to this date, performance was measured against the Datastream World Pharmaceutical and Biotechnology Index on a total return basis in sterling terms. Historic data, therefore, consists of a blended figure containing both indices. Past performance is not a guide to future performance. This Interim Management Statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. This Interim Management Statement is available on the Company's website www.worldwidewh.com. The Company's net asset value per share is announced daily and is available, together with the share price, on the TrustNet website at www.trustnet.com Identification Codes: Ordinary Shares SEDOL- 0338530 ISIN - GB0003385308 Bloomberg - WWH LN EPIC - WWH Subscription Shares SEDOL - B3VMCB0 ISIN - GB00B3VMCB07 Bloomberg - WWHS LN For further information contact: Mark Pope on 0203 008 4913 Frostrow Capital LLP Company Secretary 30 July 2014
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