London Stock Exchange welcomes Schroder British Opportunities Trust to the Premium Segment of the Main Market
Today London Stock Exchange markets were opened by Schroders to celebrate the listing of the Schroder British Opportunities Trust plc.
It is a new investment trust focused on investing in the future growth of British Business, both public and private, while supporting UK employment in the current challenging market conditions.
The Trust seeks to invest in high-quality, small and mid-sized UK companies with sustainable business models. These companies may require additional equity either to maximise their growth potential or to return them to their previous growth trajectory.
Schroders believes that there is a once-in-a-generation opportunity to invest equity capital into high quality, high growth UK Companies in the c. £50 million to £2 billion equity value range with sustainable business models at attractive valuations.
The portfolio will be managed by two of Schroders’ most senior investment professionals: Rory Bateman, Head of Equities and Tim Creed, Head of UK & European Private Equity. The Portfolio Managers will employ a collaborative, team-based approach built on Schroders’ public and private equity investment platforms and its experience of managing hybrid public and private strategies.
Commenting on the successful launch, Chair of Schroder British Opportunities Trust plc, Neil England, said: “We are pleased to announce the successful IPO of the Schroder British Opportunities Trust. On behalf of the Board and our Portfolio Managers, I would like to welcome the broad range of institutional, private wealth and retail investors that have supported our launch. We look forward to updating you all on our progress in the coming weeks and months.”
Rory Bateman, Head of Equities, Schroders said: “Today we have a fantastic opportunity to invest in the future of British businesses, both public and private, while supporting UK employment through the pandemic and beyond. We will start to invest the IPO proceeds in short order and as we deliver on our investment strategy, we look forward to growing the fund further in the near future.”
Tim Creed, Head of UK and European Private Equity, Schroders said: “We believe there is an increased need for fresh equity investment into UK companies and through SBO we now have the structure to take advantage of this considerable opportunity. Our investment strategy focuses on high quality growth companies that have benefitted from Covid and require funding to maximise their growth potential and those that have been impacted and require equity to return to their previous growth trajectories. We have a number of compelling investment opportunities in our pipeline and will utilise Schroders’ rigorous approach to ESG integration in our investment decisions.”
Further information about Schroder British Opportunities Trust plc can be found here.
THE SCHRODERS BRITISH OPPORTUNITIES TRUST PLC “THE FUND” IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
"This information is not for publication or distribution, directly or indirectly, in or into the United States of America. This information is not an offer of securities for sale into the United States. The Shares have not been and will not be registered under the U.S. Securities Act of 1933 (as amended) and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
This announcement may not be used for the purpose of, and does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, Shares in any jurisdiction where such offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on Schroder British Opportunities Trust PLC (the “Company”), Schroder Unit Trusts Limited, Schroder Investment Management Limited, Schroder Adveq Management AG or Peel Hunt LLP. The offer and sale of Shares has not been and will not be registered under the applicable securities laws of Australia, Canada, the Republic of South Africa or Japan. Subject to certain exemptions, the Shares may not be offered to or sold within Australia, Canada, the Republic of South Africa or Japan or to any national, resident or citizen of Australia, Canada, the Republic of South Africa or Japan. In addition, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and the recipient of this announcement will not be entitled to the benefit of that act." An investment decision must be made solely on the basis of the prospectus issued by the Company and may be obtained on the Company's website, subject to certain access restrictions."