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22 June 2023
The Investment Company plc
(the "Company")
Prospectus Correction
It has come to our attention that the Prospectus, dated 9 June 2023, contained a typographical error in paragraph 2 of Part II: Investment Proposition. This point has been revised and restated below with the corrected sentence underlined. No other changes have been made.
2 Investment process, investment screening, project evaluation and sell discipline
The Proposed Manager intends to use a three-stage screening process to identify investable candidates. Firstly, it will filter all companies outside the FTSE 100 on AIM, the AQSE and the Main Market through a quantitative screening process to identify the financial characteristics it is looking for:
• adjusted net income to free cash flow of at least 70 per cent.;
• revenue growth of at least 2.5 per cent.;
• net debt to EBITDA less than 2x;
• gross margin greater than 20 per cent.; and
• working capital intensity less than 30 per cent.
Each company must meet at least 4 out of 5 criteria, but always meet the cash flow requirement.
Enquiries
The Investment Company |
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Singer Capital Markets - Corporate Broker | +44 (0)20 7496 3000 |
James Moat / Alex Bond / James Fischer | |
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ISCA Administration Services Limited Company Secretary | +44 (0) 1392 487056 |
LEI: 2138004PBWN5WM2XST62
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