Interim Management Statement

RNS Number : 0799B

Schroder UK Mid & Small Cap Fd PLC

11 August 2008

 

SCHRODER UK MID & SMALL CAP FUND PLC

Interim Management Statement for the Quarter Ended 30 June 2008

The Board of Schroder UK Mid & Small Cap Fund Plc ('the Company') is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 April 2008 to 30 June 2008.

Investment Objective

The Company's principal investment objective is to achieve a total return in excess of the FTSE All-Share, ex-investment companies, ex-FTSE 100, Total Return Index.

Company Statistics as at 30 June 2008

Gross Assets	£ 83.1 million
Net Asset Value per Ordinary Share (excluding current year undistributed revenue)	229.24p
Share Price	184.50p
Discount	19.52%
Number of Holdings	88
Net Gearing	Nil
Yield	2.4%

Cumulative Performance to 30 June 2008 

Performance over	3m (%)	6m (%)	1yr (%)
Share Price (Total Return)	(4.0)	(11.9)	(25.9)
Net Asset Value (Total Return)	(6.8)	(10.6)	(19.7)
FTSE All Share ex-ITs ex-FTSE 100 Total Return Index	(8.1)	(14.0)	(22.1)

Data Source: Fundamental Data

Portfolio Information as at 30 June 2008

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	% of NAV
Premier Oil Dechra Pharmaceuticals Chloride Group Carillion Atkins (WS) Rotork Homeserve Inchcape Fisher (James)    Hunting	Oil & Gas Healthcare Industrials Industrials Industrials Industrials Industrials Consumer Services Industrials Oil & Gas	2,307,200 2,196,407 2,080,000 1,995,000 1,975,800 1,810,050 1,691,000 1,565,550 1,550,000 1,538,250	2.98 2.83 2.68 2.57 2.55 2.34 2.18 2.02 2.00 1.98

Sector Allocation 

Sector

% of NAV

Industrials	43.41
Consumer Services	13.15
Financials	7.89
Oil & Gas	6.37
Technology	10.82
Healthcare	4.79
Consumer Goods	2.73
Basic Materials	2.80
Other Net Assets	8.04

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 April 2008 and the date of publication of this Statement.  

Share Buy-Back

Following the quarter end 30 June 2008, the Company purchased 95,000 of its ordinary shares for cancellation, at a price of 170p pence per share. Following this purchase, there remain 36,143,690 ordinary shares of 25p each in issue.

There have been no other material events or transactions that have taken place from 1 April 2008 up to the date of publication of this Statement. 

Changes to Share Capital During the Quarter Ended 30 June 2008

	Issued Ordinary Shares of 25p each
As at 1 April 2008	36,238,690
Shares bought back and cancelled during the period	Nil
Shares bought for holding in treasury during the quarter	Nil
Shares already held in treasury	Nil
Shares cancelled from treasury	N/A
Shares remaining in issue as at 30 June 2008	36,238,690

Company Information as at 30 June 2008

SEDOL Code	0610841
Sector	Equity Investment Instruments
Launch Date	25 April 1994
Financial Year End	30 September
Next AGM Date	Jan 2009

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

11 August 2008

 

END

 

 

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