Interim Management Statement

RNS Number : 1677G

Schroder UK Mid & Small Cap Fd PLC

26 January 2010

 

SCHRODER UK MID & SMALL CAP FUND PLC

Interim Management Statement for the Quarter Ended 31 December 2009

The Board of Schroder UK Mid & Small Cap Fund Plc ("the Company") is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 September 2009 to 31 December 2009. 

Investment Objective

The Company's principal investment objective is to achieve a total return in excess of the FTSE All-Share, ex-investment companies, ex-FTSE 100, Total Return Index.

Final Dividend for the year ended 30 September 2009

A final dividend of 5.30p net per share for the year ended 30 September 2009 is payable on 29 January 2010 to shareholders on the register on 29 December 2009. 

Annual General Meeting

The Annual General Meeting of the Company was held on 26 January 2010. Resolutions 1 to 13 as set out in the Notice of Meeting were duly passed. Resolution 14 was withdrawn with the consent of the meeting due to lack of shareholder support.

Company Statistics as at 31 December 2009

Net Assets	£83.2m
Net Asset Value per Ordinary Share (ex Income)	228.86p
Share Price	181.50p
Discount (ex Income)	20.69
Number of Portfolio Holdings	87
Gearing	Nil
Yield	2.9%

Cumulative Performance to 31 December 2009 (%)

Performance over	3 months	6 months	1 year
Share Price (Total Return)	(3.0)	9.6	31.0
Net Asset Value (Total Return)	1.7	24.4	49.4
FTSE All Share ex-ITs ex-FTSE 100 Total Return Index	0.7	27.4	53.4

Data Source: Fundamental Data

Portfolio Information as at 31 December 2009

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	% of NAV
Dechra Pharmaceuticals	Healthcare	1,936,800	2.35
Premier Oil	Oil & Gas	1,878,500	2.28
Grainger	Financials	1,872,852	2.27
CSR	Technology	1,636,400	1.98
Aquarius Platinum	Basic Materials	1,628,000	1.97
Mouchel	Industrials	1,600,500	1.94
William Hill	Consumer Services	1,578,450	1.91
Kier Group	Industrials	1,545,000	1.87
Homeserve	Industrials	1,520,100	1.84
IG Group Holdings	Financials	1,519,200	1.84

Sector Allocation 

Sector

% of NAV

Industrials	33.91
Consumer Services	16.75
Financials	13.26
Technology	11.21
Oil & Gas	7.92
Basic Materials	5.17
Consumer Goods	4.80
Healthcare	3.92
Other Net Assets	3.06

Changes to Share Capital During the Quarter Ended 31 December 2009

There were no changes to the Company's share capital during the quarter. There remain a total of 36,143,690 ordinary shares of 25p each in issue, each carrying one voting right. No shares are held in treasury.

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 October 2009 and the date of publication of this Statement. 

Company Information as at 31 December 2009

SEDOL Code	0610841
Sector	Equity Investment Instruments
Launch Date	25 April 1994
Financial Year End	30 September
Next Dividend Payment  Date	29 January 2010
Last Ex-Dividend Date	23 December 2009
2010 Annual General Meeting	January 2011

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

26 January 2010

 

END

 

 

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