Schroders : Schroder British Opportunities Trust Full Year Results

Schroder British Opportunities Trust plc announces its financial results for the year ended 31 March 2024.

Key highlights

• NAV per share increased 2.5% from 107.32p to 110.05p during the year under review. This follows an increase in the previous year of 3.1% and 12.3% since inception.
• Over the past 12 months, positive NAV growth has been driven by fair value gains in the private equity (unquoted) portfolio which has continued to perform well. The Company has benefited from its focus on the growth capital and buyout areas of the market, rather than early stage or pre-IPO.
• The discount to NAV narrowed during the year under review from 36.2% to 27.8%.
• A core focus of our portfolio companies has been executing business transformation through robust organic growth and acquisitions. 7 out of the 9 private equity holdings are in line or exceeding performance expectations.
• Justin Ward and Jemma Bruton have joined the Board as independent non-executive Directors. Justin Ward will replace Neil England as Chairman after the AGM on 18 September 2024, following a handover period.

Neil England, Chairman of Schroder British Opportunities Trust plc commented:

"The current portfolio of innovative, predominantly UK companies are growing strongly, the majority in line or ahead of expectations. The patient investor that can look beyond the recent market environment should be well rewarded".

The Company's Report and Accounts for the year ended 31 March 2024 are also being published in hard copy format and an electronic copy will shortly be available to download from the Company's website www.schroders.com/sbot

Enquiries:

Katherine Fyfe Schroder Investment Management Limited	020 7658 6000
Andy Pearce Schroder Investment Management Limited	020 7658 6000