Thu, 28th Feb 2019 10:43
Woodford Patient Capital Trust plc
28 February 2019
Portfolio update: Proton Partners International lists on the NEX Exchange
Proton Partners International (PPI), a company in the Woodford Patient Capital Trust (WPCT) and LF Woodford Equity Income Fund (WEIF) portfolios, has listed on the NEX Exchange Growth Market, the stock market for early-stage entrepreneurial companies.
The move is central to the company's long-term growth strategy - PPI views NEX as the ideal stepping stone taking it from a burgeoning private enterprise into a more structured public market environment.
PPI is the UK's first high-energy proton beam therapy provider. Unlike conventional cancer treatments, proton beam therapy uses protons to target and kill cancer cells with significantly less collateral damage to the surrounding tissue.
The company's goal is to have a network of its unique Rutherford Cancer Centres within 90 minutes of 75 per cent of the UK's population by 2023. It opened the doors to the UK's first proton beam therapy centre in Newport, South Wales in April 2018 and is treating both privately-insured patients and those referred through NHS Wales. The company is set to start treating patients with proton beam therapy at its Northumberland and Reading centres later this year.
Woodford Patient Capital Trust and the LF Woodford Equity Income Fund first invested in the business in August 2015. As at the end of January 2019, it represented a 6.87%* position in the WPCT portfolio and 0.92% in WEIF. For more analysis, go to the stock's page on the Woodford website.
For further information please contact:
For WoodfordFour Communications
Roland Cross / Jonathan Atkins / Matt Jones
020 3697 4200
firstname.lastname@example.org Notes to editors:
*based on gross asset value
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About Woodford Investment Management:
Woodford Investment Management Limited is an asset management company built on a founding philosophy of transparency and simplicity. Launched in May 2014, the company has £10.5 billion assets under management and advice. Further information can be found at https://woodfordfunds.com
Woodford Investment Management Ltd
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+44 (0)1865 809 000