REG - European Opps. Trust - Strategic Review

European Opportunities TrustAnnouncement

13/02/2026 07:00

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RNS Number : 8459S  European Opportunities Trust PLC  13 February 2026

13 February 2026

For immediate release

 

European Opportunities Trust PLC

 

Legal Entity Identifier (LEI): 549300XN7RXQWHN18849

 

Strategic Review

 

The Board of European Opportunities Trust PLC (the "Company") today announces
that it has begun a Strategic Review of the future of the Company, including
ongoing investment management arrangements.

 

Over the last three years, the Board has been pro-active in seeking to take
steps to enhance shareholder value. These include share buybacks, two
substantial tender offers, and, with the co-operation of the investment
manager, measures to lessen the costs of ownership through two management fee
reductions. However, the Board acknowledges the ongoing performance challenges
and consider that it is likely that the Company will not meet the performance
condition under the performance-related tender offer scheduled for later this
year. The Board is also cognisant of the three-yearly continuation vote to be
held at this year's Annual General Meeting.

 

Having consulted with a number of the Company's major shareholders, the Board
has concluded that it is appropriate to conduct a Strategic Review of the
future of the Company. Under the review the Board, together with its advisers,
will pro-actively consider a number of strategic options. These may include a
possible combination with another closed-ended fund by means of a scheme of
reconstruction pursuant to section 110 of the Insolvency Act 1986, a cash exit
at close to NAV and an outline proposal which has been received from River
Global, Devon Equity Management's parent company, in respect of a roll-over
into a proposed open-ended investment company with a similar investment policy
to that of the Company. Through the Strategic Review, the Board will consider
the merits of these options for shareholders in isolation or a combination
thereof.

 

There is no certainty that any changes will result from the Strategic Review.
The Board will make further announcements in due course.

 

Enquiries:

 

 European Opportunities Trust PLC                      Via Burson Buchanan

 Matthew Dobbs (Chairman)

 Singer Capital Markets (Corporate Broker)             020 7496 3000

 Mark Bloomfield / James Todd (Investment Banking)

 Alan Geeves / Sam Greatrex / William Gumpel (Sales)

 Burson Buchanan                                       eot@buchanancomms.co.uk (mailto:eot@buchanancomms.co.uk)

 Henry Wilson / Helen Tarbet / Nick Croysdill          07788 528143

 

 

 

 

Important Information

This announcement contains information that is inside information for the
purposes of the Market Abuse Regulation (EU) No 596/2014 as implemented in the
UK. The person responsible for arranging for the release of this announcement
on behalf of the Company is Matthew Dobbs, Chairman.

 

 

 

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