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About the company
Literacy Capital plc is a United Kingdom-based closed-end investment company. The Company focuses on opportunities to invest for the long-term in growing private businesses where a clear route to creating additional value can be seen with its support. It also has a charitable objective, to donate 0.5% of annual NAV to charities focused on improving United Kingdom literacy in children. The Company’s principal activity is to invest in and support small, growing businesses, predominantly United Kingdom businesses. The Company will also make other investments, in private and public businesses, which may be denominated in foreign currencies. Its investment policy is to invest in a diversified portfolio consisting primarily of equity and equity related securities issued by unquoted companies. It may hold debt instruments issued by a portfolio company where the Company also has equity or equity-related interests in that portfolio company. Its investment manager is Book Asset Management LLP.
- Revenue in GBP (TTM)7.39m
- Net income in GBP-1.78m
- Incorporated2017
- Employees0.00
- LocationLiteracy Capital PLC3rd Floor,Charles House,,5-11 Regent Street St James's,LONDON SW1Y 4LRUnited KingdomGBR
- Websitehttps://www.literacycapital.com/
Profile
| Management group(s) | BOOK Asset Management |
|---|---|
| AIC sector | Private Equity |
| ISIN | GB00BMF1L080 |
| Launch date | 25 Jun 2021 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
Investments will be primarily in equity and equity-related instruments (which shall include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants) issued by portfolio companies. The Company will also be permitted to invest in partnerships, limited liability partnerships and other legal forms of entity where the investment has equity like return characteristics.
Managed by
| Richard Pindar, Paul Pindar |
|---|
Management & contract fees
The Company and the Investment Manager have entered into an amended and restated management agreement (the 'New IMA') to provide for an increase in the management fee payable to the Investment Manager to 1.5% of the adjusted audited net asset value as at the end of that year (the 'Increased Management Fee'), effective from 1 January 2025. The contract terminates on 12 months.
Mergers & acquisitions
| Acquired company | BOOK:LSE since announced | Transaction value |
|---|---|---|
| The Welsh Sausage Co Ltd | -4.32% | -- |
| Trinitatum Ltd | 2.31% | -- |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Malibu Life Holdings Ltd | 82.98m | 50.97m |
| Tufton Assets Ltd | -23.35m | -26.52m |
| JPMorgan US Smaller Co Inv Trust PLC | -6.26m | -10.65m |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | 39.02m | 32.92m |
| Baillie Gifford UK Growth Trust PLC | 37.57m | 34.22m |
| Mid Wynd International Invest Trust PLC | -17.04m | -19.80m |
| B.P. Marsh & Partners plc | 117.54m | 104.43m |
| Literacy Capital PLC | 7.39m | -1.78m |
| Jpmorgan China Growth & Income PLC | 49.53m | 46.02m |
| Schroder Income Growth Fund PLC | 23.79m | 20.37m |
| Schroder UK Mid Cap Fund PLC | 28.93m | 25.29m |
| Sherborne Investors (Guernsey) C Ltd | -42.58m | -43.43m |
| Biotech Growth Trust PLC | -17.22m | -21.35m |
| Pembroke VCT PLC | 9.00m | 3.11m |
| Odyssean Investment Trust PLC | 320.00k | -2.09m |
| Abrdn UK Smlr Cmpn Grth Trst PLC | 22.86m | 17.14m |
