Statement re Quarterly NAV

RNS Number : 1141U

Schroder British Opportunities Tst.

01 December 2021

 

Schroder British Opportunities Trust plc

("SBO" or the "Company")

Quarterly Net Asset Value ("NAV") as at 30 September 2021

Following the quarterly valuation of the Company's private equity holdings, the Company announces that as at 30 September 2021, the Company's unaudited net asset value (cum income) per ordinary share was 112.44 pence.

The Company's daily NAV calculation re-values the public asset holdings on a daily basis, with the private equity holdings revalued quarterly post period end. The unaudited NAV per ordinary share announced today of 112.44 pence represents an increase of 2.1% based on the estimated net asset value (cum income) as at 30 September 2021 of 110.08 pence, as released on 1 October 2021.

Two of the six private equity investments, Waterlogic and EasyPark, have seen valuation uplifts whilst other private investments have been held at or slightly above their previous valuations. Waterlogic has continued to experience solid growth recently which has been helped by a number of add-on acquisitions. EasyPark has seen continued momentum and the integration of Park Now is progressing well. Added to this, EasyPark has recently launched in Portugal expanding its global reach to 27 countries.

We have participated in two primary equity placings since the end of September. This takes the number of primary equity issuances we have been involved in, including IPOs, to thirteen since the Company's inception. We have a number of other private equity opportunities that are progressing through due diligence.

The unaudited valuations of the private equity holdings as at 30 September 2021 will be included in the Company's daily NAV announcements from today onwards.

Enquiries:

Schroder Investment Management Limited

Paula Lockwood (Company Secretary)	0207 7658 6000
Estelle Bibby (Press)

Peel Hunt

Liz Yong, Luke Simpson, Huw Jeremy, Tom Pocock (Investment Banking)                        020 7418 8900

Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

 

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