GGOR Gart.Gwth

 
TIDMGGOR 
 
Statement re Allocation of Expenses 
 
To date Gartmore Growth Opportunities plc has charged 100% of its management 
fees and finance costs to revenue. However, the Board recognises that the 
majority of the Company's peers allocate a proportion of these costs to 
capital. 
 
Over the 10 years to 30 June 2009 approximately 75% of the Company's cumulative 
gross returns came from capital performance and 25% from dividends and other 
income. In line with The Association of Investment Companies' Statement of 
Recommended Practice for the Financial Statements of Investment Trust Companies 
and Venture Capital Trusts, the Board has therefore concluded that, with effect 
from 1 July 2009, Gartmore Growth Opportunities plc will allocate 75% of its 
management fees and finance costs to capital, with 25% being allocated to the 
revenue account. 
 
This change will not have any effect on the total return for shareholders, but 
it will have the effect of increasing the revenue earnings per share and of 
reducing the capital return per share by the same amount. On current figures 
the revenue return for the current year will be increased by approximately 3p. 
 
Shareholders may be interested to note that at 31 October 2009 the unaudited 
consolidated revenue reserves of Gartmore Growth Opportunities plc and its 
wholly owned subsidiary, Gartmore GO Dealing Limited, amounted to some 24p per 
share, which compares to the ordinary dividend paid in respect of the Company's 
last financial year of 4.3p. 
 
11 December 2009 
 
Gartmore Investment Limited 
 
Corporate Company Secretary 
 
 
 
END 
 

Gartmore Growth Opportunities (LSE:GGOR)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Gartmore Growth Opportunities (LSE:GGOR)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024