Prospectus Correction

Investment Company PLC

22 June 2023

 

22 June 2023

The Investment Company plc

(the "Company")

Prospectus Correction

It has come to our attention that the Prospectus, dated 9 June 2023, contained a typographical error in paragraph 2 of Part II: Investment Proposition. This point has been revised and restated below with the corrected sentence underlined. No other changes have been made.

2                 Investment process, investment screening, project evaluation and sell discipline

The Proposed Manager intends to use a three-stage screening process to identify investable candidates.  Firstly, it will filter all companies outside the FTSE 100 on AIM, the AQSE and the Main Market through a quantitative screening process to identify the financial characteristics it is looking for:

•           adjusted net income to free cash flow of at least 70 per cent.;

•           revenue growth of at least 2.5 per cent.;

•           net debt to EBITDA less than 2x;

•           gross margin greater than 20 per cent.; and

•           working capital intensity less than 30 per cent.

Each company must meet at least 4 out of 5 criteria, but always meet the cash flow requirement.

Enquiries

The Investment Company Ian Dighé, Chairman	[phone] [e-mail]
Singer Capital Markets - Corporate Broker	[phone]
James Moat / Alex Bond / James Fischer
ISCA Administration Services Limited Company Secretary	[phone]

LEI: 2138004PBWN5WM2XST62

 

END