Baillie Gifford UK Growth trust seeks to hike unquoted limit to 10%
Numis describes move as ‘uncontroversial for a Baillie Gifford strategy’
The Baillie Gifford UK Growth Trust has become the latest investment company to seek approval from shareholders to increase its exposure to unlisted companies.
In the £365m trust’s results for the year to the end of April, the asset manager said it wants to increase the proportion of unlisted companies in the portfolio to a maximum of 10%. The current exposure is zero.
Portfolio managers, Iain McCombie and Milena Mileva (pictured), said: “We are keen for shareholders to give us permission to have the ability to invest in private companies, subject to prudent limits.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
TRADING UPDATES: Mothercare sales down; Revolution Bars seeks to raise
Tue, 25th May 2021 17:11
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Webis Holdings PLC - Isle of Man-based gaming firm - Receives West Virginia wagering license which allows company to accept online wagers from state residents. We are delighted to receive this license from the West Virginia Racing Commission for WatchandWager. We believe that this license will be mutually beneficial to both the company and the state in the forms of revenue and taxes generated from wagering, says Webis.