BRITISH & AMERICAN INVESTMENT TRUST PLC British & American
Investment Trust PLC
Report and accounts
31 December 2022
British & American Investment Trust PLC | As at 31 December 2022 |
Investment Policy
To invest predominantly in investment trusts and other leading UK and US-quoted companies to achieve a balance of income and growth.
Ten largest security holdings (excluding subsidiaries)
Name | Sector | % | ||||
Geron Corporation (USA) | Biomedical | 16.96 | ||||
Lineage Cell Therapeutics (USA) | Biotechnology | 10.53 | ||||
Dunedin Income Growth | Investment Trust | 9.93 | ||||
Aberdeen Diversified Inc&Growth | Investment Trust | 3.49 | ||||
Relief Therapeutics (Switzerland) | Healthcare | 0.35 | ||||
AgeX (USA) | Biotechnology | 0.35 | ||||
ADVFN | Other Financial | 0.31 | ||||
Vodafone | Telecommunications | 0.07 | ||||
Proteome Sciences | Pharmaceuticals | 0.03 | ||||
Northwest Biotherapeutics (USA) | Biotechnology | 0.02 | ||||
42.04 | ||||||
Country Exposure | ||||||
Country | £m | % | ||||
UK | 1.8 | 32.9 | ||||
USA | 3.8 | 67.1 | ||||
Total investments (exc. subsidiaries) | 5.6 | 100.0 | ||||
Value (dividends reinvested) of £100 invested in ordinary shares (source: AIC)
£ | |
1 year | 101.6 |
3 year | 68.9 |
5 year | 61.0 |
SHARE PRICE (dividends reinvested) 5 YEAR SUMMARY | |||||
180.00 | DECEMBER 2017=100 | ||||
160.00 | |||||
140.00 | |||||
120.00 | |||||
100.00 | |||||
80.00 | |||||
60.00 | |||||
40.00 | |||||
20.00 | |||||
0.00 | |||||
Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 |
SHARE PRICE PER SHARE | FTSE ALL SHARE INDEX - TOTAL RETURN |
Salient Facts | |
Launch Date | 1996 |
Management | Self-managed |
Year/Interim End | 31 December/30 June |
Capital Structure | 25,000,000 Ordinary Shares |
of £1 (listed); | |
10,000,000 Convertible | |
Preference Shares | |
of £1 (unlisted) | |
Number of Holdings | 15 |
Net Assets (£m) | 7.1 |
Yield | 7.3% |
Dividend Dates | Interim dividend - December |
Final dividend - June | |
Share price (p) | 24.0 |
NAV/share (p) | 20 (diluted) |
Premium | 18.5% (diluted) |
Ongoing charges | 9.8% |
Sedol Code | 0065311 |
ISIN Code | GB000065311 |
Status |
Eligible to be held in an ISA or Savings Scheme.
Contact
British & American Investment Trust PLC
Wessex House
1 Chesham Street
London SW1X 8ND
Tel: 020 7201 3100
Fax: 020 7201 3101
Website: www.baitgroup.co.uk
Registered in England. Registered number 00433137 VAT Reg. No. 241 1621 10
NET DIVIDENDS PER ORDINARY SHARE 10 YEARS RECORD AND PROPOSED 2022
7.000
6.000
5.000
4.000
3.000
2.000
1.000
0.000
2013201420152016201720182019202020212022
INTERIM | FINAL |
British & American Investment Trust PLC
Annual Report and Accounts
for the year ended 31 December 2022
Registered number: 00433137
Contents
Page | |
Directors and officials | 1 |
Biographical details of directors and investment policy | 2 |
Strategic report including: | |
Chairman's statement | 3 |
Managing Director's report | 5 |
Financial highlights | 10 |
Net asset and dividend growth | 11 |
Distribution of investments and cash | 12 |
Investment portfolio | 13 |
Five year record | 14 |
Business review | 15 |
Directors' report | 22 |
Statement of directors' responsibilities | 26 |
Independent auditor's report | 27 |
Income statement | 36 |
Statement of changes in equity | 37 |
Balance sheet | 38 |
Cash flow statement | 39 |
Notes to the financial statements | 40 |
Statement of Corporate Governance | 61 |
Directors' remuneration report | 70 |
Notice of meeting | 75 |
BRITISH & AMERICAN INVESTMENT TRUST PLC
Directors and officials
Directors
David G Seligman (Chairman)
Jonathan C Woolf (Managing Director)
Dominic G Dreyfus (Non-executive and Chairman of the Audit Committee until 7 February 2022) Alex Tamlyn (Non-executive, acting Chairman of the Audit Committee until 31 May 2022)
Julia Le Blan (Non-executive and Chair of the Audit Committee from 1 June 2022)
Secretariat and registered office
KJ Williams ACA (Secretary)
M Silverov (Deputy Secretary)
Wessex House
1 Chesham Street
London SW1X 8ND
Registrars
Neville Registrars Limited
Neville House
Steelpark Road
Halesowen
B62 8HD
Bankers
Metro Bank PLC
One Southampton Row
London
WC1B 5HA
Credit Suisse AG
Client Management UHNWI UK
WEHW
Talacker 16
8001 Zurich
Switzerland
Auditors
Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX
BRITISH & AMERICAN INVESTMENT TRUST PLC 1
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British and American Investment Trust plc published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 15:18:52 UTC.
