Information  X 
Enter a valid email address

UK Select Trust Ld (UKT)

  Print      Mail a friend

Thursday 26 May, 2011

UK Select Trust Ld

Interim Management Statement

RNS Number : 3768H
UK Select Trust Limited
26 May 2011
 

UK Select Trust Limited

Interim Management Statement for the Quarter to 31 March 2011

 


31 March

2011

31 December

2010

              % movement

Ordinary Shares




NAV (p)

168.92p

161.75p

4.5%

Share Price (p)

141.50p

137.00p

3.3%

Discount (%)

16.2%

15.32%

6.1%

Total net assets (£'000)

£34,792

£33,460

4.0%





FTSE All-Share Index

3067.73

3062.85

0.2%

 

Material Events

There have been no material events during the period from 31 December 2010 to 31 March 2011.

 

Material Transactions

On 17 January 2011, 50,000 shares were bought back and placed in treasury, at a price of 137.5p per share. 

On 31 January 2011 40,000 shares were bought back and placed in treasury, at a price of 137.5p per share.

A second interim dividend of 3.00p per share was declared by the Board of Directors on 31 March 2011 for the year ended 31 December 2010, payable on 27 May 2011.  Shares were marked ex-dividend on 6 April 2011 and the record date for the second interim dividend was 8 April 2011. 

The reference price of a share under the scrip dividend option in relation to the second interim dividend was set at 140.80p on 18 April 2011.  This is the average of the Company's middle market closing prices for the five consecutive dealing dates commencing on the ex-dividend date of 6 April 2011.  Accordingly, a shareholder electing for the scrip dividend option rather than cash would receive 1 new share for every 46.933 shares held registered in their name at the close of business on the record date (being 8 April 2011) in respect of which they have elected for the scrip dividend option. 

On 19 May 2011, 195,645 ordinary shares of 10p each ("Shares") were issued to shareholders who have elected to receive Shares instead of cash in respect of the second interim dividend for the period ended 31 December 2010.  The Shares will be issued to shareholders from Shares held in treasury on 27 May 2011.

 

Top 10 Holdings

Company

% of net assets as at 31 March 2011

% of net assets as at 31 December 2010

Resolution

7.49%

6.17%

BP

5.78%

7.41%

Indus Gas

5.70%

4.41%

BG

5.56%

5.15%

RSA Insurance

4.89%

2.80%

AstraZeneca

4.79%

2.66%

Xstrata

4.04%

4.00%

Smiths Group

3.77%

3.77%

Berkeley Group

3.64%

3.24%

Reed Elsevier

3.60%

3.47%

 

Gearing

Although the Company has a borrowing facility of £2,000,000, it did not utilise any borrowings during the period from 31 December 2010 to 31 March 2011.


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