Change to Investment Management Fee Arrangements

RNS Number : 8023S

Securities Trust of Scotland PLC

27 June 2018

 

Securities Trust of Scotland plc

Legal Entity Identifier: 549300UZ1Y7PPQYJGE19

Change to Investment Management Fee Arrangements - 27 June 2018

The Board of Securities Trust of Scotland plc ("the Company") announces that, following a review, the Company's investment management fee arrangements with Martin Currie Investment Management Limited ("the Investment Manager") have changed.

With effect from 1 April 2018, the Company will pay an investment management fee, calculated quarterly, at an annual rate of 0.60% of the Company's net asset value up to £200 million and at an annual rate of 0.40% of the Company's net asset value above £200 million.  The net asset value continues to be defined as the Company's net asset value adjusted by adding borrowings of the Company.

For further information, please contact:

Paul Evitt

For and on behalf of

Martin Currie Investment Management Limited

Company Secretary

0131 229 5252

 

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