The Company also holds a small number of investments in investee companies in other sectors.
The Company's geographical range is mainly UK companies but considers opportunities in the mainland EU and will actively co-invest in larger deals.
The Company can take positions in investee companies by way of equity, debt or convertible or hybrid securities.
The Company’s investments are passive in nature, but may be actively managed. The Company may be represented on, or observe, the boards of its investee companies.
The Company’s investments are likely to be illiquid and consequently are to be held for the medium to long term.
The Company does not have any maximum exposure limits, limits on cross-holdings or other investing restrictions. It is the Directors intention not to invest more than 10% of the Company's gross assets in any individual company (calculated at the time of investment).
The Directors may exercise the powers of the Company to borrow money and to give security over its assets. The Company may also be indirectly exposed to the effects of gearing to the extent that investee companies have outstanding borrowings.
It is anticipated that returns from the Company’s investment portfolio will upon realisation or sale of its investee companies, rather than from dividends received. Whilst it is not possible to determine the timing of exits, the Board will seek to return capital to shareholders when appropriate.