Seraphim Space Investment Trust plc (SSIT) ORD GBP0.01

Seraphim Space Investment Trust plc is a United Kingdom-based SpaceTech investment company. The Company's investment objective is to generate capital growth over the long term through investment in a diversified, international portfolio of predominantly early and growth stage unquoted SpaceTech businesses. The Company seeks exposure to early and growth stage privately financed SpaceTech businesses, acquiring primarily minority holdings. The Company intends to realize long-term value through exiting its investments over time. It invests internationally with a view to maintaining a diversified portfolio primarily located in the United States, United Kingdom and continental Europe. The Company's portfolio is expected to comprise 20 to 50 holdings. The Company may invest in companies, as well as other forms of legal entity, including partnerships and limited liability partnerships. The Company's investment manager is Seraphim Space Manager LLP.

To generate capital growth over the long term through investment in a diversified, international portfolio of predominantly early and growth stage unquoted SpaceTech businesses with the potential to dominate globally.The Company invests internationally with a view to maintaining a diversified portfolio primarily located in the US, UK and Europe. The Company’s portfolio is expected to comprise 20 to 50 holdings. The Company will at all times invest and manage the portfolio in a manner consistent with spreading investment risk

• Ongoing charge1.77%
• Annual management charge -
• Performance feeYes

The AIFM is entitled to a management fee of 1.25% p.a. of NAV up to GBP 300m and 1% p.a. of NAV above GBP 300m, payable quarterly in advance. A performance fee of 15% over an 8% hurdle with full catch-up, calculated on NAV annually.