Woodford Patient Capital Trust Board statement

Released 07:00 10-Jun-2019

Woodford Patient Capital Trust plc

Company Update

The Board of Woodford Patient Capital Trust plc (the "Company") notes the recent developments at Woodford Investment Management Ltd (the "Portfolio Manager").

Following the events relating to LF Woodford Equity Income Fund ("WEIF"), the Board also notes the reaction in the Company's share price and the share prices of certain quoted portfolio companies in which WEIF is also invested. 

The Board is pleased with the operational progress of its portfolio companies, which the Board believes continue to have the potential to deliver attractive returns, in line with the long-term mandate of the Company. The operational performance of these businesses is not impacted by recent events.

Susan Searle, Chair, commented: "The Board is closely monitoring the situation and is engaging with its shareholders and advisers. Separately, the Board is in regular dialogue with the portfolio manager. The Board wishes to emphasise the long-term approach of the Company and will continue to keep shareholders updated as necessary."

View the RNS announcement

Important information

Please be aware that this content is not personal advice and is for general guidance only. There may also be other FAQs that are relevant to you. We hope this information is useful.