Odyssean Investment Trust PLC

(LSE:OIT)

Investment objective

Odyssean Investment Trust PLC is a closed-ended investment company that seeks to deliver attractive returns to its clients by investing in higher quality businesses and supporting them to become even better.

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Investment strategy

OIT invests in a concentrated portfolio of well researched UK smaller companies, typically too small for inclusion in the FTSE 250. Constructive corporate engagement will be a key part of Odyssean's approach, drawing on the investment team's lengthy and successful track record in public and private equity investing.  Odyssean’s fundamental, research driven approach is built on three pillars:

•Value: Investing at a discount to today’s intrinsic value, with multiple future drivers of growth value

•Quality: Businesses with strong fundamentals, with particular focus on high cash returns on capital employed

•Engagement: Potential to support management to enhance value

Important Information

These figures refer to the past.  Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.  Net asset value (NAV) performance is not the same as share price performance and shareholders may realise returns that are lower or higher than NAV performance.

This document is a marketing communication.  To ensure you understand whether this product is suitable against your individual needs and risk tolerance, please read the prospectus and the key information document, available on our website which provides more information about the risk profile of the investment.  If you are in any doubt as to the suitability of OIT for your investment needs, we recommend you seek independent professional advice prior to investing.

Skin in the game

Ed and Stuart have a combined holding of 1,664,309 shares in OIT.  Stuart and Ed have > 30 years’ combined investment experience in smaller companies. 

Stuart was previously lead manager of GVQIM’s strategic investment funds which saw him drive the turnaround in performance and discount of Strategic Equity Capital plc, a UK listed investment trust. 

Ed was a principal in the European TMT investment team at HgCapital where he was responsible for sourcing, evaluating and managing investments in the TMT sector in UK, Europe & USA.

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Discount control

The Directors have adopted an active discount management policy to establish and support an improved rating in the Company’s shares through the use of buybacks. Buyback authority will be sought on an annual basis.  Shareholders will be given an exit opportunity at NAV less costs, every seventh year following admission.

How to invest

The Company’s shares are traded openly on the London Stock Exchange and can be purchased through a stock broker, platform or other financial intermediary. Equiniti provide online, telephone and postal share dealing services. Full details, including rates and charges can be found at www.shareview.co.uk. 

 

The telephone number for their share dealing service is 03456 037 037. Further information on the Company is available on our website. 

Important information

 

This factsheet (the Factsheet) is intended for information purposes only and does not constitute an offer or solicitation for the purchase or sale of any investment or financial instrument in OIT and should not be relied on by any person for making an investment decision. Any forecast, projection or target is indicative only and not guaranteed in anyway and any views expressed in this Factsheet are those of the OIT's investment manager, Odyssean Capital LLP the ("Investment Manager") and do not constitute investment advice and may be subject to change without notice. Past performance is not a reliable indicator of current or future performance, and investors may not get back the original amount invested. Whilst the Investment Manager has used all reasonable endeavours to ensure the accuracy of information contained in this Factsheet, it cannot guarantee the reliability, completeness or accuracy of such content. Neither the Investment Manager nor the Company OIT accepts any liability what so ever for any loss (whether direct or indirect) arising from any use of this Factsheet or its contents, save as prohibited under applicable laws and regulations*. The Investment Manager is authorised and regulated by the Financial Conduct Authority and registered in England and Wales (Company Number: OC417961). Its registered office address is 6 Stratton Street, Mayfair, London W1J 8LD United Kingdom.

 

* We have qualified this sentence with 'save as prohibited under applicable laws and regulations' because: the Investment Manager and the Company cannot limit their liability for fraud;  the Investment Manager has an overriding duty to be fair, clear and not misleading in all its communications (under COBS 4); and art 7 of the Financial Services Act 2012 creates criminal offences relating to certain misleading statements and practices. 

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The value of investments can go down as well as up and you may get back less than you invested. 
We provide information about investments but do not offer personal advice and recommendations. We do not hold responsibility for assessing the suitability of an investment or evaluating the risks of such an investment for you.  If you are in any doubt as to these risks or the suitability of an investment.  Y
ou should seek independent advice.

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