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

[e-mail]

End of RNS

 

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