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26 Apr 2022 15:37
Schroder UK Public Private Trust plc (the "Company")
BenevolentAI Transaction Completion
The Company (LSE: SUPP) is pleased to announce the completion of BenevolentAI's business combination with Odyssey Acquisition S.A. ("Odyssey"), a Euronext Amsterdam-listed investment company. For further information on the transaction, investors can refer to the announcement made by the Company on 6th December 2021.
Assuming sufficient secondary market liquidity, BenevolentAI will henceforth be valued using its unadjusted quoted price which will be reflected in the Company's daily indicative unaudited NAV per share as of 25th April 2022. The valuation impact of the transaction has already been partially reflected in the Company's net asset value with the AIFM increasing the valuation of the holding from £22.4 million as at 30 September 2021 to £28.5 million as at 31 December 2021. It is anticipated that the value of the Company's holding as of 25th April 2022 will be approximately £39.6 million (€47.1 million) reflecting a further fair value increase of £11.1 million since 31 December 2021.
Enquiries:
Schroder Investment Management Limited
Estelle Bibby (Press) 0207 658 3431
John Spedding 0207 658 3206
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