British Empire Securities & General Trust - the history

1889
British empire securities and general trust PLC established.
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1984
Open offer at net asset value. Asset value investors ltd. (Formerly Laurwood, clan and ISAM) became the investment manager.
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1985
4 for 1 rights issue increases size from £6 million to £30 million.
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1986
Successful acquisition of Ashdown investment trust for a consideration of c. £66 million.
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1989
Offer for Schroder global followed by its profitable unitisation.
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1995
Acquisition of selective assets trust for c. £42 million followed by its immediate re-structure and integration.
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1999
Holding of 6.8% in Rue Impériale de Lyon was sold for £45.9 million, realising a profit of £25.6 million.
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2001
Company exceeds the MSCI World Index by 20 percentage points.
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2005
The Company's NAV exceeds the MSCI World Index for a seventh consecutive year, by 26 percentage points on a total return basis.
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2007
NAV per Share reaches 517.8p. The Company's positive performance continues, 5.9 percentage points above the MSCI World Index on a total return basis.
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2008
NAV per Share reaches 521.1p, a record level, before market turmoil causes it to fall.
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2009
A volatile year in which NAV total return per share fell over 10% in the first half of the fiscal year, then gained over 31% in the second half, ending the year with a NAV per share of 459.3p.
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2012
A difficult year for the investment community in which NAV total return per share grew by 10.3% compared with an increase of 13.8% in the benchmark Morningstar Global Growth Index (both on a total return basis).