On 5th June 2023 the Board of Securities Trust of Scotland plc (the “Trust”) announced that the Trust had changed its name to STS Global Income & Growth Trust plc. The name change took effect from 5th June 2023.
Why has the Board decided to do this?
The Board have considered changing the Trust’s name a number of times over the years. The Board and Troy Asset Management as Investment Manager believe that the new name better reflects the Trust’s aims and objective, that is to provide defensive capital returns with growing income by investing in a concentrated portfolio of global companies.
The Board is also conscious of changes in its investor base as well as changes in the ways in which investors hold their shares. The Trust’s shares are now held through a broad range of wealth managers and retail platforms. The Board believes the name change will make it easier for individual retail investors to find the Trust on platforms when searching for global income and growth investment opportunities.
Does this indicate a change in direction from mandate?
No. There will be no change in investment strategy or approach at all. The Trust will continue to aim to generate below average volatility with above average returns through investment in a balanced portfolio constructed from global equities and there will be no change to the investment objective or policy.
What will change apart from the name?
Nothing, this is a legal change in company name.
All other codes including the Ticker, ISIN and SEDOL will remain the same and are as follows:
The Trust’s website will still be found at: www.stsplc.co.uk.
What will happen to my shareholding?
The ordinary shares you currently hold in the Trust will continue to exist following the name change. There will be no change to the nominal value or structure of your shareholding as a result of the change of name.
What do I need to do?
As a Shareholder you do not need to take any action.
Will I receive a new share certificate?
If you hold your shares in the Trust in certificated form, you will not receive a new share certificate in the new company name and your existing certificate(s) will remain valid. Any share certificates issued after the legal change in name will be in the name of STS Global Income & Growth Trust plc.
If you hold your shares through CREST or another online provider then the change in name should be processed automatically and the details updated within your account in due course.
Where can I find out further information?
You can find out further information on the rationale for the name change and the Trust in general in the Annual Report to 31 March 2023 which is available at www.stsplc.co.uk.
Who should I contact with any queries?
If Shareholders have any further queries on the impact of the name change they can contact the Company Secretary (Juniper Partners Limited) on 0131 378 0500 or by email to [email protected].