Scottish Oriental Smlr Co Tst PLC Management Fee Arrangements (7632H)
31 Julho 2023 - 8:35AM
UK Regulatory
TIDMSST
RNS Number : 7632H
Scottish Oriental Smlr Co Tst PLC
31 July 2023
To: RNS
From: The Scottish Oriental Smaller Companies Trust plc
LEI: 213800DBSW6WJXKNXL87
Date: 31 July 2023
The Scottish Oriental Smaller Companies Trust plc (the
"Company")
Management Fee Arrangements
The Board of The Scottish Oriental Smaller Companies Trust plc
(the "Company") notes the proposals it set out in the Company's
half yearly report and accounts to 28 February 2023 (the "Interim
Report") in relation to the mechanism for calculating the Company's
Alternative Investment Fund Manager's (the AIFM"), First Sentier
Investors (UK) Funds Limited, performance fee and confirms that it
has reached agreement with the AIFM to change the index against
which its performance fee is based from the MSCI AC Asia (ex-Japan)
Index to the MSCI AC Asia ex Japan Small Cap Index (the "New
Index").
This change will bring the basis on which the AIFM's performance
fee is measured into line with the basis on which both the
performance of the Company and the trigger for the Company's
recently introduced performance-related, conditional tender offer
are measured.
The AIFM is a related party and this change constitutes a
smaller related party transaction under Listing Rule 11.1.10R. No
other changes are being made to the management arrangements at this
time.
All enquiries
Juniper Partners Limited
Company Secretary
Tel: 0131 378 0500
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