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Keystone Positive Change Investment Trust plc (KPC) ORD GBP0.10

Sell:261.00p Buy:263.00p 0 Change: 1.00p (0.38%)
Market closed |  Prices as at close on 21 February 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Keystone Positive Change Investment Trust plc ORD GBP0.10

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 20 Feb 2025)

The board of Keystone Positive Change Investment Trust plc is proposing to wind up the company and combine with Baillie Gifford Positive Change Fund (BGPC). You can take no action in relation to your holding in Keystone Positive Change Investment Trust plc and receive new shares in the Baillie Gifford Positive Change Fund, or elect to receive cash in place of your holding.

 

Following our correspondence to you dated 17 January 2025, we can confirm that the resolutions proposed at the requisitioned Saba meeting on 3 February 2025 were rejected by shareholders. Following this, the board of Keystone Positive Change Investment Trust plc has begun the continuation of the scheme of reconstruction, and has announced a new timetable.

 

You have two options to consider before our deadline of noon on Wednesday 12 March 2025.

 

What are my options?

 

Option 1 - Rollover into Baillie Gifford Positive Change Fund (DEFAULT). You can rollover your holding into BGPC shares. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the BGPC shares, you can instead elect to receive cash in place of all or part of your holding.

 

Electing for cash – Act by noon Wednesday 12 March 2025

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:261.00p
Buy:263.00p
Change: 1.00p (0.38%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Market closed |  Prices as at close on 21 February 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Keystone Positive Change Investment Trust plc ORD GBP0.10

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 20 Feb 2025)

The board of Keystone Positive Change Investment Trust plc is proposing to wind up the company and combine with Baillie Gifford Positive Change Fund (BGPC). You can take no action in relation to your holding in Keystone Positive Change Investment Trust plc and receive new shares in the Baillie Gifford Positive Change Fund, or elect to receive cash in place of your holding.

 

Following our correspondence to you dated 17 January 2025, we can confirm that the resolutions proposed at the requisitioned Saba meeting on 3 February 2025 were rejected by shareholders. Following this, the board of Keystone Positive Change Investment Trust plc has begun the continuation of the scheme of reconstruction, and has announced a new timetable.

 

You have two options to consider before our deadline of noon on Wednesday 12 March 2025.

 

What are my options?

 

Option 1 - Rollover into Baillie Gifford Positive Change Fund (DEFAULT). You can rollover your holding into BGPC shares. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the BGPC shares, you can instead elect to receive cash in place of all or part of your holding.

 

Electing for cash – Act by noon Wednesday 12 March 2025

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:261.00p
Buy:263.00p
Change: 1.00p (0.38%)
Market closed |  Prices as at close on 21 February 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Keystone Positive Change Investment Trust plc ORD GBP0.10

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 20 Feb 2025)

The board of Keystone Positive Change Investment Trust plc is proposing to wind up the company and combine with Baillie Gifford Positive Change Fund (BGPC). You can take no action in relation to your holding in Keystone Positive Change Investment Trust plc and receive new shares in the Baillie Gifford Positive Change Fund, or elect to receive cash in place of your holding.

 

Following our correspondence to you dated 17 January 2025, we can confirm that the resolutions proposed at the requisitioned Saba meeting on 3 February 2025 were rejected by shareholders. Following this, the board of Keystone Positive Change Investment Trust plc has begun the continuation of the scheme of reconstruction, and has announced a new timetable.

 

You have two options to consider before our deadline of noon on Wednesday 12 March 2025.

 

What are my options?

 

Option 1 - Rollover into Baillie Gifford Positive Change Fund (DEFAULT). You can rollover your holding into BGPC shares. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the BGPC shares, you can instead elect to receive cash in place of all or part of your holding.

 

Electing for cash – Act by noon Wednesday 12 March 2025

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
262.00p
Trade high:
264.94p
Year high:
266.00p
Estimated NAV:
272.33
Previous close:
262.00p
Trade low:
261.00p
Year low:
196.00p
Premium/Discount:
-3.79%
Previous:
2.00p (0.76%) Previous:
2.00p
Volume:
77,568
Dividend yield:
0.17%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
KEYSTONE POS. performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

KEYSTONE POS. performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: MSCI AC World TR GBP
Annual management charge: 0.7% of Net Assets
Performance fee: No
Ongoing charge: 0.90%
Dividend yield: 0.17%
Dividend frequency: Annually
Total assets: £176m
Gross gearing: 9%
Market capitalisation:Market cap.: £155m
Shares in issue: 59.13 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00BK96BB68

Recent dividends paid or declared by Keystone Positive Change Investment Trust plc:

Type Ex-div date Payment date Amount
1st interim 12/12/2024 31/12/2024 0.10p
Final 11/01/2024 08/02/2024 0.45p
Final 19/01/2023 15/02/2023 0.40p
4th interim 02/12/2021 24/12/2021 4.00p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Keystone Positive Change Investment Trust plc dividends:

Financial
year end		 Dividend
yield		 Dividend
cover		 Total dividend
paid
30/09/2024 n/a 3.20 0.35p
30/09/2023 0.20% 1.58 0.45p
30/09/2022 0.20% 1.57 0.40p
30/09/2021 3.30% 0.23 11.20p
30/09/2020 4.40% 0.66 11.20p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

To generate long term capital growth with the aim of the NAV total return exceeding that of the MSCI AC World Index in sterling terms by at least 2% per annum over rolling five-year periods; and contribute towards a more sustainable and inclusive world by investing in the equities of companies whose products or services make a positive social or environmental impact.

Sustainability Label

Sustainability Impact funds invest mainly in companies providing solutions to sustainability problems, with an aim to achieve a positive impact for people or the planet. Examples may include social housing companies.

NET ASSET VALUE (NAV)

Estimated NAV: 272.33p
Latest actual NAV: 272.52p
Latest actual NAV date: 20 February 2025
Premium/Discount: -3.79%
12m average Premium/Discount: -9.40%
NAV frequency: Daily
Security Weight
Taiwan Semiconductor Manufacturing Co Ltd 8.80%
MercadoLibre Inc 5.89%
Shopify Inc Registered Shs -A- Subord Vtg 5.52%
ASML Holding NV EUR0.09 4.73%
Autodesk Inc 4.47%
Remitly Global Inc 4.18%
Duolingo Inc 4.13%
PT Bank Rakyat Indonesia (Persero) Tbk Registered 3.95%
Grab Holdings Ltd Class A 3.58%
Microsoft Corp 3.51%
Sector Weight
Technology 39.85%
Healthcare 14.35%
Consumer Cyclical 12.89%
Industrials 12.70%
Financial Services 9.58%
Basic Materials 3.90%
Communication Services 1.51%
Consumer Defensive 1.25%
Country Weight
United States 45.92%
Taiwan 8.80%
Brazil 8.31%
Canada 6.08%
Netherlands 4.73%
Singapore 4.58%
Indonesia 3.95%
India 3.21%
France 3.00%
Sweden 2.38%

Key Dates

Launch date: 19 November 1954
Financial year end: September
Next AGM: February 2026

Annual & interim reports

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.