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Schroder BSC Social Impact Trust plc
("SBSI" or the "Company")
Reduction of Share Premium Account
As stated in the Company's prospectus dated 23 November 2020 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future distributions, the Company resolved that conditional upon Initial Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Initial Issue be cancelled and credited to a special distributable reserve.
The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 10 March 2021, the reduction has now become effective. Accordingly, the amount of £73,021,337 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.
Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.
Enquiries:
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Schroder Investment Management Limited Gareth Faith
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020 7658 5264 |
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Big Society Capital Georgette Harrison, Senior Communications Director
James Westhead, Head of Engagement
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About Schroder BSC Social Impact Trust plc
The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company will build a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets.
Further information about the Company can be found on its website at www.schroders.com/SBSI
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