Strategic Equity Capital plc (SEC) Ordinary GBP 0.10

Strategic Equity Capital plc is a United Kingdom-based specialist alternative equity trust with a concentrated portfolio of smaller companies. The Company's investment objective is to achieve growth in the value of investments over a medium-term period, principally through capital growth. It maintains a concentrated portfolio of about 15-25 United Kingdom (UK) smaller companies, each operating in a niche market offering structural growth opportunities. The Company invests primarily in equities quoted on markets operated by the London Stock Exchange. It may also invest up to 20% of its gross assets at the time of investment in securities quoted on other recognized exchanges. It invests in various sectors, including support services, consumer and retail, healthcare, industrials, travel and leisure, real estate, and others. The Company's investment manager is Gresham House Asset Management Limited.

The investment objective of the company is to achieve absolute returns rather than relative returns over a medium-term period, principally through capital growth. Our strategy is to invest in publicly quoted companies which we believe will increase their value through strategic, operational or management initiatives based on a private equity approach to quoted companies. We follow a practice of constructive corporate engagement and aim to work with management teams in order to enhance shareholder value. We attempt to build a consensus with other stakeholders and prefer to work alongside like-minded co-investors as leaders, followers or supporters. We are long-term investors and typically aim to hold companies for the duration of rolling three-year investment plans that include an entry and exit strategy and a clearly identified route to value creation. The duration of these plans can be shortened by transactional activity or lengthened by adverse economic conditions.

• Ongoing charge1.11%
• Annual management charge -
• Performance feeYes

Basic management fee is 0.75% of the NAV of the company, payable quarterly in arrears. The performance is 10% of any excess of the NAV total return over the higher of the Benchmark NAV per share and the high watermark. The contract is terminable on 12 months notice.