Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

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We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

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CONTACT

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Schroder Inc Growth (SCF)

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Tuesday 30 December, 2008

Schroder Inc Growth

Interim Management Statement

RNS Number : 9064K
Schroder Income Growth Fund PLC
30 December 2008
 

SCHRODER INCOME GROWTH FUND PLC


Interim Management Statement for the Quarter ended 30 November 2008


The Board of Schroder Income Growth 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 September 2008 to 30 November 2008


Investment Objective


The Company's principal investment objectives are to provide real growth of income, being growth of income in excess of the rate of inflation, and capital growth as a consequence of the rising income. 


First Interim Dividend for the year ended 31 August 2009


The Board declared a first interim dividend of 1.60net per share for the year ending 31 August 2009, payable on 30 January 2009 to shareholders on the register on 30 December 2008


Annual General Meeting


The Annual General Meeting of the Company was held on 11 December 2008All resolutions set out in the Notice of Meeting were duly passed.


Election of Director


The Company is pleased to announce the election of Mr David Causer as a non-executive Director of the Company at the Annual General Meeting held on 11 December 2008Mr Causer, 58, is a fully qualified Chartered Accountant and a member of The Securities Institute. He has had a number of senior positions within financial organisations including acting as Finance Director of Mercury Asset Management Group plc and as a Managing Director of Merrill Lynch Investment Managers until 2001. He was Finance Director of The British Red Cross Society until December 2007.


Company Statistics as at 30 November 2008


Net Assets

£112.7 million

Net Asset Value per Ordinary Share (ex income)

162.25p

Share Price

150.00p

Discount

(7.6%)

Number of Portfolio Holdings

31


Cumulative Performance* to 30 November 2008


Performance over 

3mnths

6mnths 

1yr 

3yr

5yr 

Share Price (Total Return)

(10.6)%

(15.4)%

(18.6)%

(10.1)%

18.5%

Net Asset Value (Total Return)

(14.6)%

(18.3)%

(24.3)%

  (9.5)%

23.7%

FTSE All-Share Index Total Return

(24.8)%

(29.3)%

(32.2)%

(13.6)%

17.8%


Data Source: Fundamental Data.

Portfolio Information as at 30 November 2008


Ten Largest Holdings 


Stock Name

Sector Classification


Market Value (£)

% of Net Asset Value

Royal Dutch Shell 'B'

Oil & Gas

10,431,370

9.68

BP

Oil & Gas

9,933,578

9.22

GlaxoSmithKline

Healthcare

7,298,537

6.77

Vodafone

Telecommunications

6,462,786

6.00

HSBC

Financials

5,468,263

5.07

Astrazeneca

Healthcare

5,072,370

4.71

RSA Insurance

Financials

4,936,381

4.58

Imperial Tobacco

Consumer Goods

4,543,950

4.22

Pearson

Consumer Services

3,750,806

3.48

Unilever

Consumer Goods

3,692,939

3.43


Sector Allocation 


Sector

% of NAV 


Financials

18.16

Oil & Gas

18.07

Consumer Goods

12.96

Healthcare

10.98

Consumer Services

10.86

Utilities

10.79

Industrials

8.09

Telecommunications

5.73

Net current assets

4.36


Changes to Share Capital during the quarter ended 30 November 2008


 

Issued Ordinary shares of 10p each


As at 1 September 2008 

68,688,343

Shares bought back and cancelled during the period 

Nil

Shares bought for holding in treasury during the quarter

Nil

Shares already held in treasury

Nil

Shares cancelled from treasury

Nil

Shares remaining in issue as at 30 November 2008 

68,688,343


Material Events or Transactions


There have been no other material events or transactions that have taken place in respect of the Company between September 2008 and the date of publication of this Statement. 

 

  Company Information as at 30 November 2008


SEDOL Code 

0791586

Sector 

Income and Growth

Launch Date 

March 1995

Financial Year End 

31 August

Next Dividend Payment Date

30 January 2009



Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: 0207 658 6501


30 December 2008


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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