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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lowland Investment Company Plc | LSE:LWI | London | Ordinary Share | GB00BNXGHS27 | ORD 2.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 0.39% | 129.50 | 128.50 | 130.50 | 128.50 | 128.00 | 128.00 | 114,168 | 16:35:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 57.32M | 52.79M | 0.1954 | 6.58 | 348.54M |
From Jul 2019 to Jul 2024
TIDMLWI
RNS Number : 5415G
Lowland Investment Co PLC
30 May 2017
HENDERSON INVESTMENT FUNDS LIMITED
LOWLAND INVESTMENT COMPANY PLC
Legal Entity Identifier: 2138008RHG5363FEHV19
30 May 2017
LOWLAND INVESTMENT COMPANY PLC
Amendments to Fee Arrangements
The Board of Lowland Investment Company plc (the "Company") is pleased to announce the following amendments to the fee arrangements with the Company's Alternative Investment Fund Manager, Henderson Investment Funds Limited ("Henderson").
The current agreement, whereby the management fee is charged at 0.5% per annum of Net Chargeable Assets will continue to apply to the first GBP375m of Net Chargeable Assets. With effect from 1 July 2017, a reduced management fee of 0.4% per annum on Net Chargeable Assets above GBP375m will apply.
The cap on total fees, base management fee plus performance fee, of 0.75% per annum will be replaced by a cap on the performance fee at its existing level of 0.25% per annum of average Net Chargeable Assets in any one year. The maximum of fees payable will therefore be 0.75% per annum on the first GBP375m of Net Chargeable Assets and 0.65% per annum in excess thereof.
The amendments have also clarified that Net Chargeable Assets for the purpose of the fee arrangements should reflect the unsecured loan note at fair value.
For reference, the Company defines Net Chargeable Assets as total assets less current liabilities and without any limitation any borrowings for investment purposes but excluding the value of any investment in funds managed by Henderson and any investment in Henderson Group plc.
Net Chargeable Assets amounted to GBP423 million at 30 April 2017.
For further information please contact:
Hannah Blackmore James de Sausmarez For and on behalf of Henderson Secretarial Services Limited Director and Head of Investment Trusts Secretary to Lowland Investment Company plc Janus Henderson Investors Tel: 020 7818 2077 Tel: 020 7818 3349
This information is provided by RNS
The company news service from the London Stock Exchange
END
DOCSDSSUSFWSELI
(END) Dow Jones Newswires
May 30, 2017 05:41 ET (09:41 GMT)
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