Reduction of Share Premium Account

RNS Number : 6177S

Schroder British Opportunities Tst.

18 March 2021

 

Schroder British Opportunities Trust plc

("SBO" or the "Company")

Reduction of Share Premium Account

As stated in the Company's prospectus dated 10 November 2020 (the "Prospectus"), the Company resolved that, conditional upon Initial Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Initial Issue be cancelled and credited to a special distributable reserve.

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 10 March 2021, the reduction has now become effective. Accordingly, the amount of £72,728,771 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

Enquiries:

Schroder Investment Management Limited Benjamin Hanley	020 7658 3847
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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