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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
River And Mercantile Uk Micro Cap Investment Company Limited | LSE:RMMC | London | Ordinary Share | GG00BNDMJP11 | RED ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 1.60% | 158.50 | 154.00 | 163.00 | 158.50 | 156.00 | 156.00 | 36,000 | 14:42:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRMMC
RNS Number : 2937F
River & Mercantile UK Micro Cap Inv
19 February 2018
19 February 2018
River and Mercantile UK Micro Cap Investment Company Limited
(the "Company")
Lead manager update
The Board of the Company makes this statement in response to the announcement from River and Mercantile Group PLC ("RAMAM") dated 7 February 2017 that Philip Rodrigs had ceased to be lead manager of the Company.
As stated in RAMAM's announcement, responsibility as principle portfolio manager Company has been passed to George Ensor and RAMAM is confident that George will maintain the Company's successful track record.
While Philip Rodrigs was the principal portfolio manager at RAMAM, he was supported by a team, including George Ensor, who has worked with Philip on the investment process since the Company was launched in 2014 and with whom the Board has interacted previously.
We also recognise that RAMAM has used its proven PVT investment philosophy to manage the portfolio since the Company was established and that this process has been partly responsible for driving the strong NAV performance of the Company. The PVT system will continue to be used in future.
As an independent board, immediately we were notified of the change of lead manager, we commenced a process to confirm for ourselves that George Ensor is suitable to act as lead manager. The Board is satisfied that the MicroCap team, now led by George Ensor, should maintain its position as portfolio manager. In line with our normal practice we will continue to monitor portfolio management arrangements.
Enquiries:
Jasper Cross
BNP Paribas Securities Services S.C.A., Guernsey Branch
Tel: 01481 750850
Joe Winkley/Neil Morgan
Winterflood Securities Limited
Tel: 0203 100 0000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEADANFLPPEFF
(END) Dow Jones Newswires
February 19, 2018 08:49 ET (13:49 GMT)
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