October 20, 2017 1:09 PM ET

Capital Markets

Company Overview of Witan Investment Trust plc

Company Overview

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited. The fund is co-managed by Artemis Investment Management LLP, Lindsell Train Limited, Heronbridge Investment Management LLP, MFS International (UK) Limited, Veritas Asset Management LLP, Lansdowne Partners (UK) LLP, Marathon Asset Management, LLP, Matthews International Capital Management, LLC, Trilogy Global Advisors, LLC, Pzena Investment Management LLC, Tweedy, Browne Company LLC, and GQG Partners, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in divi...

Cassini House

57 St James's Street

London,  SW1A 1LD

United Kingdom

Founded in 1909

7 Employees

Phone:

44 20 7399 6000

Key Executives for Witan Investment Trust plc

Chief Executive Officer and Director
Age: 61
Head of Portfolio Review for Japan
Co-Head of UK Equities and Portfolio Manager
Head of North America Operations
Head - UK Mainstream Mainstream Portfolio Rview and Deputy Manager
Compensation as of Fiscal Year 2017.

Witan Investment Trust plc Key Developments

Witan Investment Trust plc Agrees to Issue £30 Million Fixed Rate 37 Year Secured Private Placement

Witan Investment Trust plc has agreed to issue a £30 million fixed rate 37 year secured private placement note at a coupon of 2.74%. The purpose of this transaction is to obtain fixed rate long dated Sterling denominated financing at a pricing level that the company considers attractive, and is expected to enhance long term investment performance. The funding date is expected to be November 1, 2017 with interest payable semi-annually. The principal repayment date will be November 1, 2054. Total structural borrowings including the Note will increase from £142 million to £172 million following completion of this transaction. In the near-term, it is expected that the proceeds will be mainly used to repay short-term borrowings.

Witan Investment Trust plc Announces Second Interim Dividend for the Year 2017, Payable on September 18, 2017

Witan Investment Trust plc announced a second interim dividend of 4.75 pence per ordinary share, being one quarter of the total dividend paid in respect of 2016 (19.0 pence), will be paid on 18 September 2017 to shareholders on the register on 25 August 2017. This follows the first interim dividend of 4.75 pence per ordinary share paid on 16 June 2017.

Witan Investment Trust plc Reports Unaudited Consolidated Earnings Results for the First Half Year Ended June 30, 2017

Witan Investment Trust plc reported unaudited consolidated earnings results for the first half year ended June 30, 2017. For the period, the company reported total income of GBP 193,085,000 against GBP 111,694,000 for the same period a year ago. Profit before finance costs and taxation was GBP 185,609,000 against GBP 107,550,000 for the same period a year ago. Profit before taxation was GBP 181,947,000 against GBP 102,346,000 for the same period a year ago. Profit attributable to equity shareholders of the parent company was GBP 180,431,000 against GBP 100,892,000 for the same period a year ago. Earnings per ordinary share were 100.40 pence against 51.18 pence for the same period a year ago. Net cash inflow from operating activities was GBP 25,789,000 against GBP 21,568,000 for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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