Interim Management Statement (3768H)
26 Mai 2011 - 4:07PM
UK Regulatory
TIDMUKT
RNS Number : 3768H
UK Select Trust Limited
26 May 2011
UK Select Trust Limited
Interim Management Statement for the Quarter to 31 March
2011
31 March 31 December
2011 2010 % movement
---------------------------- ---------- ------------ -----------
Ordinary Shares
---------------------------- ---------- ------------ -----------
NAV (p) 168.92p 161.75p 4.5%
---------------------------- ---------- ------------ -----------
Share Price (p) 141.50p 137.00p 3.3%
---------------------------- ---------- ------------ -----------
Discount (%) 16.2% 15.32% 6.1%
---------------------------- ---------- ------------ -----------
Total net assets (GBP'000) GBP34,792 GBP33,460 4.0%
---------------------------- ---------- ------------ -----------
FTSE All-Share Index 3067.73 3062.85 0.2%
---------------------------- ---------- ------------ -----------
Material Events
There have been no material events during the period from 31
December 2010 to 31 March 2011.
Material Transactions
On 17 January 2011, 50,000 shares were bought back and placed in
treasury, at a price of 137.5p per share.
On 31 January 2011 40,000 shares were bought back and placed in
treasury, at a price of 137.5p per share.
A second interim dividend of 3.00p per share was declared by the
Board of Directors on 31 March 2011 for the year ended 31 December
2010, payable on 27 May 2011. Shares were marked ex-dividend on 6
April 2011 and the record date for the second interim dividend was
8 April 2011.
The reference price of a share under the scrip dividend option
in relation to the second interim dividend was set at 140.80p on 18
April 2011. This is the average of the Company's middle market
closing prices for the five consecutive dealing dates commencing on
the ex-dividend date of 6 April 2011. Accordingly, a shareholder
electing for the scrip dividend option rather than cash would
receive 1 new share for every 46.933 shares held registered in
their name at the close of business on the record date (being 8
April 2011) in respect of which they have elected for the scrip
dividend option.
On 19 May 2011, 195,645 ordinary shares of 10p each ("Shares")
were issued to shareholders who have elected to receive Shares
instead of cash in respect of the second interim dividend for the
period ended 31 December 2010. The Shares will be issued to
shareholders from Shares held in treasury on 27 May 2011.
Top 10 Holdings
% of net assets % of net assets
as at 31 March as at 31 December
Company 2011 2010
---------------- ---------------- -------------------
Resolution 7.49% 6.17%
---------------- ---------------- -------------------
BP 5.78% 7.41%
---------------- ---------------- -------------------
Indus Gas 5.70% 4.41%
---------------- ---------------- -------------------
BG 5.56% 5.15%
---------------- ---------------- -------------------
RSA Insurance 4.89% 2.80%
---------------- ---------------- -------------------
AstraZeneca 4.79% 2.66%
---------------- ---------------- -------------------
Xstrata 4.04% 4.00%
---------------- ---------------- -------------------
Smiths Group 3.77% 3.77%
---------------- ---------------- -------------------
Berkeley Group 3.64% 3.24%
---------------- ---------------- -------------------
Reed Elsevier 3.60% 3.47%
---------------- ---------------- -------------------
Gearing
Although the Company has a borrowing facility of GBP2,000,000,
it did not utilise any borrowings during the period from 31
December 2010 to 31 March 2011.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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