SEC Strategic Equity Capital Plc

 
TIDMSEC 
 
20 December 2023 
 
Strategic Equity Capital plc 
 
("SEC plc" or the "Company") 
 
Statement regarding Investment Manager 
 
The Board of Strategic Equity Capital plc notes the announcement from Gresham 
House plc ("Gresham House") that the scheme of arrangement, published on 4 
August 2023, to implement the acquisition of Gresham House by Seed Bidco Limited 
pursuant to Part 26 of the Companies Act 2006 ("Scheme") has become effective on 
19 December 2023. 
 
The Scheme implements the terms of the recommended cash offer of Seed Bidco 
Limited, a newly incorporated entity formed by funds advised by Searchlight 
Capital Partners, L.P. and its affiliates, for the entire issued share capital 
of Gresham House (the "Acquisition"). 
 
The Company's Investment Manager and AIFM is Gresham House Asset Management 
Limited (the "Investment Manager"), which is wholly owned by Gresham House. 
 
The Board of the Company is not currently expecting any change to the 
relationship between the Company and the Investment Manager, and has been 
informed that the Gresham House leadership team and all key individuals that 
currently manage SEC plc will remain in place. 
 
ENDS 
 
For further information, please contact: 
 
KL Communications 
 
Charles Gormangh@kl-communications.com 
 
Henry Taylor+44 (0) 20 3995 6699 
 
Charlotte Francis 
 
Juniper Partners Limited, Company Secretary+44 (0) 131 378 0500 
 
About SEC plc 
 
Strategic Equity Capital plc is a specialist alternative equity trust. 
 
Actively managed, it maintains a highly-concentrated portfolio of 15-25 high 
-quality, dynamic, UK smaller companies, each operating in a niche market 
offering structural growth opportunities. 
 
SEC aims to achieve investment growth over a medium-term period, principally 
through capital growth. The team looks to find companies with the potential to 
double shareholder value every five years. 
 
Further information on SEC plc is available at 
www.strategicequitycapital.com (http://www.resi-reit.com), and further 
information on Gresham House is available at www.greshamhouse.com 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/strategic-equity-capital-plc/r/statement-regarding-investment-manager,c3896120 
 
 
END 
 
 

(END) Dow Jones Newswires

December 20, 2023 02:05 ET (07:05 GMT)

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