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Pin to quick picksOdyssean Inves. Regulatory News (OIT)

Share Price Information for Odyssean Inves. (OIT)

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Odyssean Investment Trust is an Investment Trust

To achieve attractive total returns per share principally through capital growth over a longterm period through investment in companies predominantly in the UK.

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Portfolio Manager Update

26 Mar 2019 07:00

RNS Number : 9509T
Odyssean Investment Trust PLC
26 March 2019
 

26 March 2019

 

Odyssean Investment Trust plc

 

Portfolio Manager Update

 

 

The Board of Odyssean Investment Trust plc ("OIT" or the "Company") has been informed by its portfolio manager, Odyssean Capital LLP (the "Portfolio Manager"), that Stuart Widdowson will be taking three months compassionate leave to work through health issues in his family. The compassionate leave commences on Monday, 1st April.

 

OIT has currently invested approximately 78 per cent. of its net assets across 15 stocks in accordance with the Company's investment strategy. Ed Wielechowski, co-portfolio manager of OIT, will continue to originate and evaluate new investments as well as manage and engage with existing investee companies.

 

Stuart will continue to chair the Research and Investment Committees of the Portfolio Manager during this period. Ian Armitage, Chairman of the Portfolio Manager, will become the third member of these committees. Stuart looks forward to returning to the business as soon as possible.

 

The Board of the Company is confident that measures put in place to cover this period, which work on the foundations and processes that the Portfolio Manager built prior to the Company's Initial Public Offering, will ensure that OIT's capital will continued to be managed in accordance with the same principles and strategy.

 

The Company will provide a Q1 2019 update in early April 2019.

 

Contacts:

 

Odyssean Capital LLP

Ed Wielechowski

Kate Reid

 

020 7640 3200

Winterflood Securities

Neil Langford

Rachael Tracy

 

020 3100 0000

 

LEI: 213800RWVAQJKXYHSZ74

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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