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  2. Share Prices
  3. Schroders Capital Global Innovation Trust Share Price
  4. Schroders Capital Global Innovation Trust Share Regulatory News
  5. Write down of Reaction Engines

Pin to quick picksSchroders Capital Global Innovation Trust Regulatory News (INOV)

Schroders Capital Global Innovation Trust Information

Share Price Information for Schroders Capital Global Innovation Trust (INOV)

Share Price is delayed by 15 minutes
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16.60    0.10 (0.61%)
Bid:
16.60
Ask:
16.75
Spread: 0.15 (0.904%)
Market Cap: £105.47m
INOV Live PriceLast checked at - London Stock Exchange

Intraday Schroders Capital Global Innovation Trust Share Chart

Write down of Reaction Engines

29 Aug 2024 14:34

RNS Number : 1992C
Schroders Capital Global Innovation
29 August 2024
 

29 August 2024

Schroders Capital Global Innovation Trust plc

Write down of Reaction Engines Limited ("Reaction Engines")

Schroders Capital Global Innovation Trust plc (the "Company") is announcing a downwards revaluation of its existing investment in Reaction Engines, an Oxfordshire-based firm developing innovative thermal management solutions for aerospace and other industries. Despite steps to commercialise its heat exchanger technology and recent contract awards, revenue growth at Reaction Engines has been slower than management anticipated, and the company will require further investment and time to become cash positive. Reaction Engines has appointed advisers to raise additional funds from new and existing investors.

The Company's holding in Reaction Engines will be revalued from £10.6 million as at 31 December 2023 to £1.4 million as at 30 June 2024. The impact on the overall net asset value ("NAV") of the Company will be approximately 4.81% (based on the latest published NAV as at 31 March 2024).

 

 

Enquiries:

Schroder Investment Management Limited

Katherine Fyfe 020 7658 6000

Andy Pearce (PR) 020 7658 6000

 

 

 

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Date   Source Headline
9th Jun 20265:11 pmRNSHolding(s) in Company
4th Jun 20267:00 amRNSUpdated Tender Timetable
2nd Jun 20264:13 pmRNSResult of General Meeting
2nd Jun 20264:12 pmRNSResult of AGM
7th May 20267:01 amRNSPublication of a Tender Offer Circular
7th May 20267:00 amRNSQuarterly NAV Announcement - 31 March 2026
15th Apr 20264:09 pmRNSDirector/PDMR Shareholding
9th Apr 20263:52 pmRNSDirector/PDMR Shareholding
1st Apr 20264:44 pmRNSAnnual Financial Report on NSM
31st Mar 20267:00 amRNSFinal Results
26th Feb 20262:56 pmRNSBlock listing Interim Review
11th Feb 20264:13 pmRNSHolding(s) in Company
20th Jan 20267:00 amRNSSale of Bluewater Bio Limited
28th Nov 20257:00 amRNSQuarterly NAV Announcement - 30 September 2025
27th Nov 20255:18 pmRNSHolding(s) in Company
27th Oct 20257:00 amRNSSale of Securiti AI
14th Oct 20255:12 pmRNSHolding(s) in Company
29th Sep 20255:08 pmRNSHolding(s) in Company
26th Sep 20254:04 pmRNSHolding(s) in Company
24th Sep 20254:48 pmRNSHolding(s) in Company
18th Sep 20257:00 amRNSHalf-year Report
10th Sep 20255:09 pmRNSHolding(s) in Company
26th Aug 20254:57 pmRNSBlock listing Interim Review
22nd Aug 202511:42 amRNSDirector/PDMR Shareholding
22nd Aug 202511:40 amRNSDirector/PDMR Shareholding
22nd Aug 202511:38 amRNSDirector/PDMR Shareholding
13th Aug 20255:17 pmRNSHolding(s) in Company
25th Jul 20257:00 amRNSResult of Tender Offer
16th Jul 20255:08 pmRNSHolding(s) in Company
11th Jul 20257:00 amRNSTender Offer Reminder
10th Jul 20254:23 pmRNSResult of General Meeting
4th Jul 20255:00 pmRNSHolding(s) in Company
20th Jun 20253:22 pmRNSHolding(s) in Company
19th Jun 20257:00 amRNSCirc re. Tender Offer
22nd May 20257:00 amRNSQuarterly NAV Announcement - 31 March 2025
21st May 20253:51 pmRNSResult of AGM
1st Apr 20254:12 pmRNSAnnual Financial Report on NSM
28th Mar 20257:00 amRNSFinal Results
25th Mar 20253:09 pmRNS-RVirtual Presentation
21st Mar 20254:12 pmRNSHolding(s) in Company
18th Mar 20254:45 pmRNSHolding(s) in Company
17th Mar 20259:40 amRNSSale of Araris Biotech
11th Mar 20254:38 pmRNSHolding(s) in Company
28th Feb 20255:10 pmRNSTotal Voting Rights
28th Feb 20253:53 pmRNSTransaction in Own Shares
27th Feb 20254:53 pmRNSResult of General Meeting
27th Feb 20253:40 pmRNSTransaction in Own Shares
26th Feb 20255:00 pmRNSTransaction in Own Shares
25th Feb 20254:53 pmRNSTransaction in Own Shares
24th Feb 20255:12 pmRNSBlock listing Interim Review
12345678910

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