Company Overview of The European Investment Trust plc
The European Investment Trust plc is a closed ended equity mutual fund launched by F&C Asset Management plc. The fund is co-managed by F&C Management Limited and Edinburgh Partners Limited. It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It typically focuses on companies with undervalued organic growth or companies that seek to benefit from restructuring, cost cutting, and other profitability improvements. The fund employs fundamental analysis with a bottom-up stock selection approach to create its portfolio. It benchmarks the performance of its portfolio against FTSE Europe ex-UK Index. The fund was for...
51 New North Road
Exeter, EX4 4EP
Founded in 1972
Key Executives for The European Investment Trust plc
Head of Investment Trust Business-F&C and Isis Business
Deputy Head of Investment Trusts - Edinburgh
Head of Investment Trusts
Compensation as of Fiscal Year 2012.
The European Investment Trust plc Key Developments
The European Investment Trust plc, Annual General Meeting, Jan 22, 2013
Jan 21 13
The European Investment Trust plc, Annual General Meeting, Jan 22, 2013., at 11:00 GMT Standard Time. Location: Brewers' Hall, Aldermanbury Square. Agenda: To receive the reports of the directors and auditors and the audited financial statements for the year ended 30 September 2012; to receive the directors' remuneration report for the year ended 30 September 2012; to reappoint PricewaterhouseCoopers LLP as auditors to hold office from the conclusion of the meeting until the conclusion of the next meeting; to authorise the directors to determine the remuneration of the auditors of the company; to re-elect Douglas C P McDougall, William D Eason, Ralph Kanza, Michael B Moule as directors; to declare a final and special dividends; to consider the company be authorized to make one or more market purchases of ordinary shares in the capital of the company; the directors be authorised to to allot shares and to grant rights to subscribe for, or to convert any security into, shares; the company be authorised to hold general meetings (other than annual general meetings) on 14 clear days' notice.
The European Investment Trust plc Announces Audited Earnings Results for the Year Ended September 30, 2012; Recommends Final Dividend and Special Dividend for the Year Ended September 30, 2012, Payable on January 31, 2013
Nov 28 12
The European Investment Trust plc announced audited earnings results for the year ended September 30, 2012. For the year, net return before finance costs and taxation was GBP 28,773,000 compared to net loss before finance costs and taxation of GBP 31,989,000 for the same period a year ago. Net return before taxation was GBP 28,649,000 compared to Net loss before taxation of GBP 32,020,000 for the same period a year ago. Net return attributable to shareholders was GBP 27,835,000 compared to net loss attributable to shareholders of GBP 32,826,000 for the same period a year ago. Return per ordinary share was 66.00 pence compared to loss per share of 77.38 pence a year ago. Net cash inflow from operating activities was GBP 7,391,000 compared to GBP 8,857,000 a year ago. Purchases of investments were GBP 93,093,000 compared to GBP 121,735,000 a year ago. The net asset value per ordinary share was 610.24 pence compared to 559.78 pence a year ago.
The Board is recommending a final dividend of 12.0 pence per share and a special dividend of 4.0 pence per share, a total of 16.0 pence per share. This year's dividend compares with dividends in 2011 of 16.0 pence per share, which consisted of a final dividend of 12.0 pence per share and a special dividend of 4.0 pence per share. Subject to the approval of shareholders at the Annual General Meeting on 22 January 2013, these dividends will be paid on January 31, 2013 to shareholders on the register at the close of business on January 11, 2013. The ex-dividend date will be January 9, 2013.
The European Investment Trust plc Announces Unaudited Earnings Results for the Half Year Ended March 31, 2012
May 24 12
The European Investment Trust plc announced unaudited earnings results for the half year ended March 31, 2012. For the period, net return before finance costs and taxation was £27,988,000 against £25,392,000 a year ago. Net return on ordinary activities before taxation was £27,925,000 against £25,392,000 a year ago. Net return after taxation was £27,768,000 against £25,269,000 a year ago. Return per ordinary share was 65.69 pence against 59.54 pence per share a year ago. Net cash inflow from operating activities was £325,000 against £1,070,000 a year ago. Net asset value per ordinary share was 610.08 pence against 696.79 a year ago.
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