Company Update

RNS Number : 8895P

Woodford Patient Capital Trust PLC

15 October 2019

 

15 October 2019

Woodford Patient Capital Trust plc

LEI: 2138008X94M7OVE73I77

Company Update

The Board of Woodford Patient Capital Trust plc (the "Company") notes the statement by Link Fund Solutions Limited ("LFS"), the Authorised Corporate Director of the LF Woodford Equity Income Fund ("WEIF"), that: (i) the decision has been taken by LFS not to re-open WEIF and instead to wind it up as soon as practicable; and (ii) Woodford Investment Management Limited will, with immediate effect, cease to be the investment manager of WEIF.

As previously announced, the Board has been undertaking a review of the Company's management arrangements and will make a further announcement in due course.

Enquiries:

FTI Consulting

Ed Berry / Tom Blackwell                              0203 727 1046 / 1051

 

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