May 24, 2016 3:01 PM ET

Capital Markets

Company Overview of Standard Life UK Smaller Companies Trust plc

Company Overview

Standard Life UK Smaller Companies Trust plc is a closed-ended equity mutual fund launched by Standard Life Investments Limited. The fund is managed by Standard Life Investments (Corporate Funds) Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of mid and small-cap companies. The fund benchmarks the performance of its portfolio against the Numis Smaller Companies Index (excluding Investment Companies). It is actively managed. The fund was formerly known as Edinburgh Small Companies Trust plc. Standard Life UK Smaller Companies Trust plc was formed on Jul...

One George Street

97 Haymarket Terrace

Edinburgh,  EH2 2LL

United Kingdom

Founded in 1993

Key Executives for Standard Life UK Smaller Companies Trust plc

Chief Executive Officer of Standard Life Wealth and Executive Director of Standard Life Investments
Fund Manager
Compensation as of Fiscal Year 2015.

Standard Life UK Smaller Companies Trust plc Key Developments

Standard Life UK Smaller Companies Trust plc Reports Unaudited Earnings Results for the First Half Year Ended Dec. 31, 2015; Donald Macdonald Steps Down from the Board; Proposes an Interim Dividend, Payable on April 7, 2016

Standard Life UK Smaller Companies Trust plc reported unaudited earnings results for the first half year ended Dec. 31, 2015. For the period, the company reported return on ordinary activities after taxation of £34.7 million or 47.05 pence diluted return per ordinary share compared to return on ordinary activities after taxation of £2.6 million or 3.49 pence diluted return per ordinary share reported in the same period last year. Income for the period was £2.3 million compared to £2.14 million reported last year. Net return before finance costs and taxation was £35.1 million compared to £3.1 million reported last year. Return on ordinary activities before taxation was £34.7 million compared to £2.6 million reported last year. Net cash inflow from operating activities was £2.05 million compared to £1.1 million reported last year. Standard Life UK Smaller Companies Trust plc announced that Donald MacDonald stepped down from the Board on February 16, 2016 after 23 years of outstanding service to the Trust. The Board proposed an interim dividend of 1.40 pence per share against 1.40 p per share a year ago. This will be paid on April 7, 2016 to shareholders on the register as at March 11, 2016 with an associated ex-dividend date of March 10, 2016.

Standard Life UK Smaller Companies Trust plc Recommends Final Dividend, Payable on October 29, 2015

The Board of directors of Standard Life UK Smaller Companies Trust plc recommended a final dividend of 4.40 pence per share, an increase on last year's final dividend of 36.2%. If approved, the final dividend, together with the interim dividend of 1.40 pence paid in April, will give a total dividend for the year of 5.80 pence and will represent an increase of 28.9% on last year. Subject to shareholder approval at the annual general meeting on October 22, 2015, the final dividend will be paid on October 29, 2015 to shareholders on the register as at October 9, 2015 with an associated ex-dividend date of October 8, 2015.

Standard Life UK Smaller Companies Trust plc Reports Audited Earnings Results for the Year Ended June 30, 2015

Standard Life UK Smaller Companies Trust plc reported audited earnings results for the year ended June 30, 2015. For the year, the company's income was £6.123 million compared with £4.860 million a year ago. Net return before finance costs and taxation was £33.335 million compared with £16.574 million a year ago. Return on ordinary activities before taxation was £32.406 million compared with £15.526 million a year ago. Return on ordinary activities after taxation was £32.406 million or 41.74 pence per diluted share compared with £15.520 million or 20.56 pence per diluted share a year ago. As on June 30, 2015, the company's diluted net asset value per ordinary share was 336.89 pence against 298.92 pence as on June 30, 2014. Net cash inflow from operating activities was £3.238 million compared with £2.654 million a year ago. As on June 30, 2015, the company's net debt was £9.899 million against £10.084 million as on June 30, 2014.

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