Portfolio Manager Update

RNS Number : 9509T

Odyssean Investment Trust PLC

26 March 2019

 

26 March 2019

Odyssean Investment Trust plc

Portfolio Manager Update

The Board of Odyssean Investment Trust plc ("OIT" or the "Company") has been informed by its portfolio manager, Odyssean Capital LLP (the "Portfolio Manager"), that Stuart Widdowson will be taking three months compassionate leave to work through health issues in his family. The compassionate leave commences on Monday, 1^st April.

OIT has currently invested approximately 78 per cent. of its net assets across 15 stocks in accordance with the Company's investment strategy. Ed Wielechowski, co-portfolio manager of OIT, will continue to originate and evaluate new investments as well as manage and engage with existing investee companies.

Stuart will continue to chair the Research and Investment Committees of the Portfolio Manager during this period. Ian Armitage, Chairman of the Portfolio Manager, will become the third member of these committees. Stuart looks forward to returning to the business as soon as possible.

The Board of the Company is confident that measures put in place to cover this period, which work on the foundations and processes that the Portfolio Manager built prior to the Company's Initial Public Offering, will ensure that OIT's capital will continued to be managed in accordance with the same principles and strategy.

The Company will provide a Q1 2019 update in early April 2019.

Contacts:

Odyssean Capital LLP Ed Wielechowski Kate Reid	020 7640 3200
Winterflood Securities Neil Langford Rachael Tracy	020 3100 0000

LEI: 213800RWVAQJKXYHSZ74

 

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