Portfolio Update

RNS Number : 7788W

Schroder British Opportunities Tst.

28 April 2021

 

Schroder British Opportunities Trust plc

("SBO" or the "Company")

Portfolio Update

The Company is pleased to announce that one of its private equity investments has successfully completed a further funding round.

This funding round implies an uplift in the value of the investment of approximately £2.5 million compared to the carrying value of the Company's investment, which is currently held at cost.

The Company produces a daily unaudited NAV calculation, revaluing its public asset holdings on a daily basis. The private asset valuations are revalued quarterly post period end and are currently held at their respective investment costs. The NAV per ordinary share, incorporating valuation of the private assets as at 31 March 2021, is expected to be announced in May 2021.

It is anticipated that this funding round will lead to a gross increase in the NAV per ordinary share as at 31 March 2021 of approximately 3.3 pence (calculated on the basis that the valuation from the latest funding round is used to revalue the Company's investment). As previously announced, the Company's NAV (cum income) per ordinary share as at 31 March 2021, based on the valuation of the Company's public assets as at close of business on 31 March 2021 and the valuation of the Company's private assets at cost, was 102.16 pence. As at 23 April 2021, again prior to any revaluation of the Company's private assets, the Company's NAV (cum income) per ordinary share was 106.09 pence.

The details of this funding round currently remain confidential and a further update will be made by the Company in due course.

Shareholders should note that this announcement does not constitute or describe an updated NAV of the Company or its ordinary shares.

Enquiries:

Schroder Investment Management Limited   Benjamin Hanley (Company Secretarial)   Andy Pearce (PR)	020 7658 6000
Peel Hunt   Liz Yong, Luke Simpson, Tom Pocock (Investment Banking)   Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)	020 7418 8900

About Schroder British Opportunities Trust plc

Schroder British Opportunities Trust plc has been established to invest in a diversified portfolio of both public equity investments and private equity investments consisting predominantly of UK Companies with strong long-term growth prospects.

ESG company engagement is a key feature of the Company's investment strategy. The Company's focus is on companies with business models which are considered to be sustainable in terms of both the longevity and durability of their businesses and their environmental, social and governance (ESG) behaviours.

The Company's ordinary shares are listed on the premium listing segment of the Official List of the Financial Conduct Authority and have been admitted to trading on the main market for listed securities of the London Stock Exchange in December 2020 under the ticker "SBO".

Further information on the Company is available at  www.schroders.com/sbo.

 

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