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Portfolio Update

28th Jul 2023 16:05

RNS Number : 6198H
Schiehallion Fund Limited (The)
28 July 2023
 

The Schiehallion Fund Limited

("The Company")

Legal Entity Identifier: 213800NQOLJA1JCWXQ56

 

 

The below announcement was released under RNS Number 4255H on 27 July 2023 at 10:18. 

The below information is unchanged.

 

Portfolio update

As at 25 July 2023, the Company had deployed 83.6% of the C share proceeds raised in 2021. The Company has agreed to invest $20.7m in a funding round that is expected to complete on 1 August 2023. The Managers have notified the Board that, following completion of this investment, at least 85% of the proceeds of the C share issue will have been deployed, which would enable the Board to trigger conversion of the C shares into ordinary shares, in accordance with the Company's articles of incorporation ("Conversion"). A further announcement will be released in due course setting out the timetable for Conversion, with Conversion being implemented on a NAV-for-NAV basis.

 

 

Baillie Gifford & Co Limited

27 July 2023

 

 

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.

 

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