Schroder UK Public Private Trust plc SUPP

This trust looks to invest in long-term growth companies predominately in the UK.

The Company is pleased to announce that it has reached an agreement for the sale of its holding in Seedrs Limited (“Seedrs”) to a global institutional investment management firm, for £12 million in cash (“Asset Sale”). The consideration is payable on completion, which is subject to consent of the FCA. The Asset Sale is expected to complete in early 2022, in advance of the Republic Acquisition.

The Asset Sale is not conditional on the Republic Acquisition, and provides a full exit from the Company’s position for cash while also expediting the receipt of the proceeds for reinvestment in new opportunities. The Company intends to use the net proceeds of the Asset Sale to accelerate its portfolio rebalancing with new investments into both public and private companies.

On the basis of the terms of the Asset Sale, the Company’s AIFM has increased the valuation of the holding in Seedrs by 29.7% from £9.1 million as at 30 June 2021 to £11.8 million as at 30 September 2021.

from Schroder UK Public Private Trust plc - Asset Sale - 01 December 2021