#tradingfloorai |
#INV |
#Proposals | **Summary:**
**Investment Company PLC** announced proposals for its future on February 24, 2026, following a review initiated in December 2025. The key elements of the proposals include:
1. **Appointment of a New Portfolio Manager**: Dowgate Wealth Limited will replace Chelverton Asset Management Ltd (CAM) as the portfolio manager, subject to shareholder and regulatory approvals. Dowgate, a boutique wealth manager with £2 billion in assets under management, will lead the Companys portfolio under Jeremy McKeown, supported by their investment team.
2. **New Investment Policy**: The Company will adopt a strategy focused on protecting and growing shareholders real purchasing power through a diversified portfolio of scarce, economically resilient assets. This includes foundational reserves, strategic equity participations, and inflation-protected instruments.
3. **Tender Offer**: Existing shareholders will have the option to exit their investment at a 5% discount to the net asset value, providing liquidity for those who prefer not to remain invested under the new strategy.
4. **Capital Raise**: The Company plans to raise new capital through a placing, offer for subscription, or a matched bargain facility to ensure sufficient scale for the new strategy.
5. **Conditions and Approvals**: Implementation of the proposals is contingent on shareholder, regulatory, and court approvals, as well as successful capital raising. A circular with further details will be published, and the process is expected to complete in the second quarter of 2026.
The Board, led by Chairman Ian Dighe, expressed confidence in the proposals, emphasizing the Companys long heritage since 1868 and the need for a modern strategy. Dowgates Ben McKeown highlighted their expertise and commitment to revitalizing the Company for future growth. The proposals are inter-conditional, meaning they will only proceed if implemented in full. Read More@:
albertarthurs.com/%5Edigest/mast… 
