RIT Capital Partners PLC
07 January 2008
RIT CAPITAL PARTNERS PLC
Interim Management Statement - 3 months ended 31 December 2007
RIT Capital Partners is a self-managed investment trust whose corporate
objective is 'to deliver long-term capital growth, while preserving
shareholders' capital; to invest without the constraints of a formal benchmark,
but to deliver for shareholders increases in capital value in excess of the
relevant indices over time.'
Its policy is 'to invest in a widely diversified, international portfolio across
a range of asset classes, both quoted and unquoted; to allocate part of the
portfolio to exceptional managers in order to ensure access to the best external
talent available.'
This statement is released to comply with Disclosure and Transparency Rule 4.3
of the Financial Services Authority, and covers the period from the beginning of
the Company's current six month financial year on 1 October 2007 to 31 December
2007. It is divided into two sections, the first being a summary of the material
events and transactions during the period and subsequently to the date of
publication of this statement. The second section is a general description of
the financial performance of the Company in the quarter to 31 December 2007.
1. Material events and transactions during the period and subsequently
•Acquisition of 4.74% interest in Edinburgh based fund management company,
Martin Currie.
•Announcement of the Company's results for the financial half year ended
30 September 2007.
•Appointment of Mr John Cornish as an additional independent non-executive
director.
2. Financial performance during the period
The financial performance of the Company may be assessed by reference to some or
all of the following comparatives:
30 September 2007 31 December 2007 Change
Net Asset Value (NAV) per share 1,127.7p 1,137.1p +9.4p
Share price 1,095.0p 1,034.0p (5.6)%
Share price premium /
(discount) to NAV 2.9% (9.1%) n/a
Morgan Stanley Capital
International Index (in £) (0.46)%
FTSE All-Share Index (0.91)%
Investment Trust Net Assets
Index +0.24%
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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