RIT Capital Partners Regulatory News (RCP)

7 Jan 2008 17:23

RIT Capital Partners PLC07 January 2008 RIT CAPITAL PARTNERS PLC Interim Management Statement - 3 months ended 31 December 2007 RIT Capital Partners is a self-managed investment trust whose corporateobjective is "to deliver long-term capital growth, while preservingshareholders' capital; to invest without the constraints of a formal benchmark,but to deliver for shareholders increases in capital value in excess of therelevant indices over time." Its policy is "to invest in a widely diversified, international portfolio acrossa range of asset classes, both quoted and unquoted; to allocate part of theportfolio to exceptional managers in order to ensure access to the best externaltalent available." This statement is released to comply with Disclosure and Transparency Rule 4.3of the Financial Services Authority, and covers the period from the beginning ofthe Company's current six month financial year on 1 October 2007 to 31 December2007. It is divided into two sections, the first being a summary of the materialevents and transactions during the period and subsequently to the date ofpublication of this statement. The second section is a general description ofthe financial performance of the Company in the quarter to 31 December 2007. 1. Material events and transactions during the period and subsequently •Acquisition of 4.74% interest in Edinburgh based fund management company, Martin Currie. •Announcement of the Company's results for the financial half year ended 30 September 2007. •Appointment of Mr John Cornish as an additional independent non-executive director. 2. Financial performance during the period The financial performance of the Company may be assessed by reference to some orall of the following comparatives: 30 September 2007 31 December 2007 ChangeNet Asset Value (NAV) per share 1,127.7p 1,137.1p +9.4pShare price 1,095.0p 1,034.0p (5.6)%Share price premium /(discount) to NAV 2.9% (9.1%) n/aMorgan Stanley CapitalInternational Index (in £) (0.46)%FTSE All-Share Index (0.91)%Investment Trust Net AssetsIndex +0.24% This information is provided by RNS The company news service from the London Stock Exchange