REG - Down MicroCap InvTst - AGM Statement and Portfolio Up-date
RNS Number : 2463DDowning Strategic Micro-Cap IT PLC25 June 2019Downing Strategic Micro-Cap Investment Trust Plc
("DSM" or the "Company")
AGM Statement and Portfolio Up-date
DSM announces that at 2.45pm today, or immediately following the formal business of the Company's AGM, which is being held at Downing's offices at St Magnus House, 3 Lower Thames Street, London EC3R 6HD, the Management team will make a presentation to shareholders and other interested attendees about their investment process, the portfolio that has been established since IPO, and prospects going forward. The priority over the course of the next year will be ensuring that the strategic initiatives and work that has been undertaken begins to realise value for all stakeholders.
As at 21 June 2019, the portfolio was 88% invested. At the presentation, the Investment Manager will give details of the portfolio as set out below:
Name
Sector
% of the Portfolio
% equity held by Downing*
ADEPT TECHNOLOGY
FIXED LINE TELECOMMUNICATIONS
9.6%
11.5%
BRAEMAR SHIPPING SERVICES
INDUSTRIAL TRANSPORTATION
3.7%
4.5%
DUKE ROYALTY
FINANCIAL SERVICES
5.3%
6.4%
FIREANGEL SAFETY TECHNOLOGY
ELECTRONIC AND ELECTRICAL EQUIPMENT
5.6%
17.6%
GAMA AVIATION
INDUSTRIAL TRANSPORTATION
4.5%
7.0%
HARGREAVES SERVICES
SUPPORT SERVICES
5.6%
7.0%
PENNANT INTERNATIONAL
SOFTWARE & COMPUTER SERVICES
2.0%
5.2%
RAMSDENS HOLDINGS
FINANCIAL SERVICES
7.0%
16.5%
REAL GOOD FOOD GROUP
FOOD PRODUCERS
18.2%**
7.9%
SCIENCE IN SPORT
FOOD PRODUCERS
3.0%
5.6%
SYNECTICS
SUPPORT SERVICES
8.5%
12.9%
VOLEX
ELECTRONIC AND ELECTRICAL EQUIPMENT
14.9%
7.5%
CASH
12.1%
All figures are correct as at 21 June 2019
*Total percentage of investee company held by all Downing managed funds
** holding includes 0.9% equity and 17.3% debt split
Those parties wishing to attend the presentation or who require further information should contact:
Jean Birrell, Public Relations
07799 555353
End of RNS
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