Schroder BSC Social Impact Trust Reduction of Share Premium Account (9214S)
March 19 2021 - 11:18AM
UK Regulatory
TIDMSBSI
RNS Number : 9214S
Schroder BSC Social Impact Trust
19 March 2021
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 GBP73,021,337
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:
Schroder Investment Management Limited
Gareth Faith 020 7658 5264
Big Society Capital gharrison@bigsocietycapital.com
Georgette Harrison, Senior Communications jwesthead@bigsocietycapital.com
Director
James Westhead, Head of Engagement
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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