Interim Management Statement

RNS Number : 1046N

Schroder UK Mid & Small Cap Fd PLC

10 February 2009

 

SCHRODER UK MID & SMALL CAP FUND PLC

Interim Management Statement for the Quarter Ended 31 December 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 October 2008 to 31 December 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.

Final Dividend for the year ended 30 September 2008

A final dividend of 5.30p net per share for the year ended 30 September 2008 is payable on 12 February 2009 to shareholders on the register on 23 January 2009. 

Annual General Meeting

The Annual General Meeting of the Company was held on 10 February 2009. All resolutions set out in the Notice of Meeting were duly passed.

Material Events or Transactions

There have been no other material events or transactions that have taken place between 31 December 2008 and the date of publication of this Statement. 

Company Statistics as at 31 December 2008

Gross Assets	£61.22million
Net Asset Value per Ordinary Share	161.88p
Share Price	148.50p
Premium/(Discount)	(8.27%)
Number of Holdings	85
Net Gearing	0%
Yield	3.57%

Cumulative Performance to 31 December 2008 

Performance over	3m	6m	1yr
Share Price (Total Return)	(11.6)	(19.5)	(29.1)
Net Asset Value (Total Return)	(18.1)	(29.4)	(36.9)
FTSE All Share ex-ITs ex-FTSE 100 Total Return Index	(19.6)	(30.0)	(39.8)

Performance Data Source: Fundamental Data

Portfolio Information as at 31 December 2008

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	Percentage  of NAV
Dechra Pharmaceuticals	Healthcare	1,840,000	3.50
Premier Oil	Oil & Gas	1,372,000	2.61
Carillion	Industrials	1,362,625	2.59
Atkins (WS)	Industrials	1,241,350	2.36
Halma	Industrials	1,215,000	2.31
Rotork	Industrials	1,187,250	2.26
Babcock International	Industrials	1,185,625	2.25
Greggs	Consumer Services	1,176,000	2.23
Chloride Group	Industrials	1,152,000	2.19
Mitie Group	Industrials	1,131,625	2.15

Sector Allocation 

Sector

Percentage  of NAV

Industrials	41.77
Consumer Services	12.44
Financials	9.17
Oil & Gas	5.08
Technology	7.09
Healthcare	4.92
Consumer Goods	3.87
Basic Materials	2.17

Changes to Share Capital During the Quarter Ended 31 December 2008

	Issued Ordinary Shares of 25p each
As at 1 October 2008	36,143,690
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 31 December 2008	36,143,690

Company Information as at 31 December 2008

SEDOL Code	0610841
Sector	Equity Investment Instruments
Launch Date	25 April 1994
Financial Year End	30 September
Next Dividend Payment	12 February 2009
Ex-Div Date	23 January 2009

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

10 February 2009

 

END

 

 

IMSSFFFMSSUSESE