Quantcast NAV | Downing Strategic Micro

NAV

The Trust seeks to provide investors with long-term capital growth through a concentrated portfolio of 12-18 UK listed companies that typically have a market capitalisation of below £150 million (at the time of investment). We define these as micro-caps. The Trust intends to take an influential, strategic position (a 3% - 25% equity stake) in each underlying business.

As announced by the London Stock Exchange on 3 May 2017, the Trust has raised £54.5 million (net), and shares began trading on 9 May 2017. The initial NAV was 98.04p per share.

Share type Share price Share price date
Ordinary Shares 91.2p 01 May 2018

Share codes

Share class ISIN SEDOL
Ordinary shares GB00BF0SCX52 BF0SCX5

 

Report and accounts

The company’s annual financial statements will be prepared to 28 February in each year and the company’s annual financial statements will typically be sent to shareholders within four months of its financial year end. 

The first annual report will be prepared to 28 February 2018.

The company also publishes an unaudited interim report covering the six months to 31 August each year, typically within two months of that date. 

Board of Directors

The Company will hold its first annual general meeting in 2018 and will then hold an annual general meeting each year thereafter. Set out below are the members of the Board.

  • Hugh Aldous (Chairman)
  • Andrew Griffiths (Non-executive director)
  • Diana Hunter (Non-executive director)
  • Stephen Yapp (Non-executive director)

Dividends

The Company has no stated dividend target. No dividends have been declared or paid to date.

Further information

Literature

 

Investment manager:
Downing LLP
St Magnus House, 3 Lower Thames Street
London EC3R 6HD
 

Administrator:
Maitland Administration Services Ltd
Springfield Lodge, Colchester Road
Essex CM2 5PW

 

Registrars:
Computershare Investor Services PLC
The Pavilions
Bridgewater Road
Bristol BS99 6ZZ

 

Auditors:
Grant Thornton UK LLP
30 Finsbury Square
London EC2P 2YU

...