Literacy Capital plc (BOOK) ORD GBP0.001

Literacy Capital plc is a United Kingdom-based closed-end investment company. The Company focuses on opportunities to invest for the long-term in growing private businesses where a clear route to creating additional value can be seen with its support. It also has a charitable objective, to donate 0.5% of annual NAV to charities focused on improving United Kingdom literacy in children. The Company’s principal activity is to invest in and support small, growing businesses, predominantly United Kingdom businesses. The Company will also make other investments, in private and public businesses, which may be denominated in foreign currencies. Its investment policy is to invest in a diversified portfolio consisting primarily of equity and equity related securities issued by unquoted companies. It may hold debt instruments issued by a portfolio company where the Company also has equity or equity-related interests in that portfolio company. Its investment manager is Book Asset Management LLP.

Investments will be primarily in equity and equity-related instruments (which shall include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants) issued by portfolio companies. The Company will also be permitted to invest in partnerships, limited liability partnerships and other legal forms of entity where the investment has equity like return characteristics.

• Ongoing charge2.00%
• Annual management charge -
• Performance feeNo

The Company and the Investment Manager have entered into an amended and restated management agreement the New IMA to provide for an increase in the management fee payable to the Investment Manager to 1.5% of the adjusted audited net asset value as at the end of that year the Increased Management Fee, effective from 1 January 2025. The contract terminates on 12 months.