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Schroders Capital Global Innovation Trust PLC - London-based investment trust - Reports a net asset value of 21.42 pence per share at September 30, flat with the prior quarter. Says performance in the quarter benefitted from an upwards revaluation of Revolut Group Holdings Ltd, but with this offset by negative revaluations in companies such as Bizongo (Smartpaddle Technology Pvt Ltd), Ada Health GmbH and AgroStar (Ulink Agritech Private Ltd). Notes shareholders voted for the discontinuation of the vehicle back in February, with the trust in the process of a managed wind-down. NAV at September 30 stood at £136.1 million, down from £173.2 million at June 30. The trust said this was primarily owed to a £37 million initial capital return in the manner of a tender offer to shareholders. Looking ahead, the trust says realisations are expected to occur mainly through trade sales and IPOs, adding that many potential exists may involve deferred consideration. ‘Proceeds generated during the wind-down will be retained in cash or liquid funds pending subsequent capital returns to shareholders’ it adds. Current stock price: 14.37 pence, up 0.5% on Friday afternoon in London 12-month change: up 50% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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