Quantcast Result of the first placing | Downing

Result of the first placing

Downing Strategic Micro-Cap Investment Trust plc (the "Company" or the "Trust") is pleased to announce that it has successfully raised gross proceeds of £55.6 million…(read more

Commenting on the Company's Admission, Judith MacKenzie, Partner and Head of Public Equity at Downing LLP, the Company's Investment Manager, said:

"Micro caps have generated historic outperformance over the longer term. We believe that they will continue to do so, regardless of wider macro conditions given the niche nature of many of these businesses. Not only do they offer the potential for outperformance, but they do so at more attractive valuations."

“We are delighted by the level of demand seen for the Downing Strategic Micro-Cap Investment Trust, with strong support coming from both institutional and retail investors. The appetite for the Trust demonstrates a real confidence and commitment to the strategy and experience of our investment managers here at Downing. We have a strong team of micro-cap specialists who are excited to apply to the advantage of the Trust the considerable work and research that we have done for a long time now.  We are optimistic around the timing of this launch, as we believe this to be a prime stock-pickers environment and we have identified a number of fantastic value companies who we will be working with to drive shareholder value."


Admission of the Ordinary Shares to the premium segment of the Official List of the UK Listing Authority is expected to occur at 8.00 a.m. on 9 May 2017.

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