AGM Statement and Portfolio Up-date

RNS Number : 2463D
Downing Strategic Micro-Cap IT PLC
25 June 2019
 

Downing Strategic Micro-Cap Investment Trust Plc

("DSM" or the "Company")

AGM Statement and Portfolio Up-date

DSM announces that at 2.45pm today, or immediately following the formal business of the Company's AGM, which is being held at Downing's offices at St Magnus House, 3 Lower Thames Street, London EC3R 6HD, the Management team will make a presentation to shareholders and other interested attendees about their investment process, the portfolio that has been established since IPO, and prospects going forward. The priority over the course of the next year will be ensuring that the strategic initiatives and work that has been undertaken begins to realise value for all stakeholders.

As at 21 June 2019, the portfolio was 88% invested. At the presentation, the Investment Manager will give details of the portfolio as set out below:

 

Name

Sector

% of the Portfolio

% equity held by Downing*

ADEPT TECHNOLOGY

FIXED LINE TELECOMMUNICATIONS

9.6%

11.5%

BRAEMAR SHIPPING SERVICES

INDUSTRIAL TRANSPORTATION

3.7%

4.5%

DUKE ROYALTY

FINANCIAL SERVICES

5.3%

6.4%

FIREANGEL SAFETY TECHNOLOGY

ELECTRONIC AND ELECTRICAL EQUIPMENT

5.6%

17.6%

GAMA AVIATION

INDUSTRIAL TRANSPORTATION

4.5%

7.0%

HARGREAVES SERVICES

SUPPORT SERVICES

5.6%

7.0%

PENNANT INTERNATIONAL

SOFTWARE & COMPUTER SERVICES

2.0%

5.2%

RAMSDENS HOLDINGS

FINANCIAL SERVICES

7.0%

16.5%

REAL GOOD FOOD GROUP

FOOD PRODUCERS

18.2%**

7.9%

SCIENCE IN SPORT

FOOD PRODUCERS

3.0%

5.6%

SYNECTICS

SUPPORT SERVICES

8.5%

12.9%

VOLEX

ELECTRONIC AND ELECTRICAL EQUIPMENT

14.9%

7.5%

CASH

 

12.1%

 

All figures are correct as at 21 June 2019

*Total percentage of investee company held by all Downing managed funds

** holding includes 0.9% equity and 17.3% debt split

 

Those parties wishing to attend the presentation or who require further information should contact:

Jean Birrell, Public Relations

07799 555353

jean@downing.co.uk

End of RNS


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