EDINBURGH – Edinburgh Worldwide Investment Trust PLC (LSE:EWI) has announced its annual results for the year ending 31 October 2024, showing a net asset value (NAV) per share increase of 12.8% and a share price increase of 26.1 %. These figures contrast with the S&P Global, which rose 21.6% in sterling over the same period.
The trust highlighted the success of certain investments, including Alnylam Pharmaceuticals (NASDAQ:) and AeroVironment (NASDAQ:), as the biggest contributor to this year’s growth. In addition, Edinburgh Worldwide repurchased approximately 4% of its issued share capital for treasury, reflecting a proactive approach to managing its share structure.
At the end of the financial year, the company’s invested equity was recorded at +11% of shareholders’ funds, a slight decrease compared to 14% the previous year. The foundation also maintained its portfolio of fourteen private companies, representing 25.3% of total assets, in line with the strategy from the previous year.
In board news, Gregory Eckersley has been appointed as an independent non-executive director, effective February 15, 2025. Eckersley’s background includes extensive equity investment and portfolio management experience, with significant positions at AllianceBernstein (NYSE: ) and the Abu Dhabi Investment Authority. His appointment coincides with the retirement of Helen James, who steps down after the Annual General Meeting (AGM).
Jonathan Simpson-Dent, chairman of the Edinburgh Worldwide Investment Trust, expressed his delight at Eckersley’s addition to the board, citing his broad expertise in the field and his expected contribution to the foundation’s insight and strategy.
The notice concludes with the standard disclaimer regarding the volatility of investments and share prices, reminding investors that returns are not guaranteed. This news is based on a press release from Edinburgh Worldwide Investment Trust.
This article was generated with the support of artificial intelligence and reviewed by an editor. See our T&C for more information.
