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IN BRIEF: Schroders Capital Global Innovation confirms name change

20th Apr 2023 16:46

Schroders Capital Global Innovation Trust PLC - investment trust geared to investing in a diversified global portfolio of private and public equity companies - Confirms name change from Schroder UK Public Private Trust PLC, effective from Thursday.

On Monday, the company formerly known as Schroder UK reported net asset value fell 41% to 28.52 pence at December 31 from 48.08p in the previous year. It explained performance was primarily driven by the fall in the share price of its largest holding, Oxford Nanopore and other legacy private investments including Rutherford, BenevolentAI and Atom Bank. It highlighted progress in tilting portfolio towards venture, growth or life sciences, with new six new private investments made in 2022.

Current stock price: 13.45 pence, up 3.5%

12-month change: down 47%

By Greg Rosenvinge, Alliance News reporter

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