Scottish Mortgage Inv Trust (SMT)

Sector:

Investment Firms

Index:

FTSE 100

882.20p
   
  • Change Today:
    -0.40p
  • 52 Week High: 901.00
  • 52 Week Low: 637.60
  • Currency: UK Pounds
  • Shares Issued: 1,336.21m
  • Volume: 2,472,410
  • Market Cap: £11,788m
  • RiskGrade: 143

Scottish Mortgage chair steps down

By Iain Gilbert

Date: Tuesday 21 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Investment trust Scottish Mortgage revealed on Tuesday that chairwoman Fiona McBain will step down following the group's annual general meeting.
Scottish Mortgage said McBain, who took over as chair back in 2017, will be succeeded by senior independent director Justin Dowley.

Dowley said: "I would also like to thank Fiona for her 14 years of loyal and exceptional service to the company, in particular over the last few years (and at the request of her fellow directors) providing essential continuity, reassurance and leadership during the extraordinary circumstances of Covid-19."

McBain's departure comes less than a week after non-executive director Amar Bhidé took aim at the trust's corporate governance, including the length of the chairwoman's tenure.

Although Bhidé's shots were still ringing out, Scottish Mortgage claims the changes to its board were the result of "succession planning" that it has developed over the last year. Bhidé has also left the board and "is no longer a director of the company", according to SMT.

As of 0855 GMT, Scottish Mortgage shares were up 0.41% at 664.89p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SMT Market Data

Currency UK Pounds
Share Price 882.20p
Change Today -0.40p
% Change -0.05 %
52 Week High 901.00
52 Week Low 637.60
Volume 2,472,410
Shares Issued 1,336.21m
Market Cap £11,788m
RiskGrade 143

SMT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.93% above the market average7.93% above the market average7.93% above the market average7.93% above the market average7.93% above the market average
12.08% below the sector average12.08% below the sector average12.08% below the sector average12.08% below the sector average12.08% below the sector average
Price Trend
76.00% above the market average76.00% above the market average76.00% above the market average76.00% above the market average76.00% above the market average
89.12% above the sector average89.12% above the sector average89.12% above the sector average89.12% above the sector average89.12% above the sector average
Income
87.42% below the market average87.42% below the market average87.42% below the market average87.42% below the market average87.42% below the market average
90.18% below the sector average90.18% below the sector average90.18% below the sector average90.18% below the sector average90.18% below the sector average
Growth
40.77% above the market average40.77% above the market average40.77% above the market average40.77% above the market average40.77% above the market average
34.85% above the sector average34.85% above the sector average34.85% above the sector average34.85% above the sector average34.85% above the sector average

SMT Dividends

  Latest Previous
  Final Interim
Ex-Div 13-Jun-24 23-Nov-23
Paid 11-Jul-24 15-Dec-23
Amount 2.64p 1.60p

Trades for 29-May-2024

Time Volume / Share Price
16:02 1 @ 881.80p
15:38 1 @ 883.40p
16:38 38,173 @ 882.20p
16:35 782 @ 882.20p
16:35 781 @ 882.20p

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