Company Update

RNS Number : 4614R

Schroder UK Growth Fund PLC

11 September 2014

 



11 September 2014

Company Update

Further to the announcement made on 8 September 2014 in relation to the decision of Julie Dean to leave Schroders, representatives of the Board of Schroder UK Growth Fund plc (the 'Company') have met with Schroders and are satisfied with the current management arrangements under which the Business Cycle Investment team will continue to run the Company's portfolio for the immediate future.

However, the Board believes that a full review of potential long-term management options is in shareholders' interests.The Board, in conjunction with its advisers, therefore intends to speak to a limited number of potential managers with the credentials and capacity to deliver superior returns through investment in UK companies. This review will be carried out over the next few weeks with the aim of announcing a decision on the future investment management arrangements of the Company as soon as practicable.

In the meantime, the Board has decided to remove all gearing from the Company.

A further announcement will be made in due course.

Enquiries:

Alan Clifton
Chairman
07712 137120

Joe Winkley
Winterflood Investment Trusts
020 3100 0301

 

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