CHELVERTON UK DIVIDEND TRUST PLC
Net return after taxation 193 (16,102) (2,205)
Net capital return 391 18,073 3,604
(Increase)/decrease in (44) 225 45
receivables
Increase/(decrease) in payables 40 (74) (65)
Interest and expenses charged to (161) (420) (222)
the capital reserve
Net cash inflow from operating 419 1,702 1,157
activities
8 Related party transactions
The Group's investments are managed by Chelverton Asset Management Limited, a company in which Mr van Heesewijk, a
Director of the Company and the subsidiary, has an interest. The amounts paid to the Investment Manager in the period to
31 October 2020 were GBP208,000 (year ended 30 April 2020: GBP542,000, six months to 31 October 2019: GBP285,000).
At 31 October 2020 there were amounts outstanding to be paid to the Investment Manager of GBP105,000 (year ended 30 April
2020: GBP58,000, six months to 31 October 2019: GBP83,000).
Portfolio Investments
as at 31 October 2020
Market % of
value
Security Sector GBP'000 portfolio
Diversified Gas & Oil Oil & Gas 2,012 4.9
Producers
Randall & Quilter Nonlife 1,453 3.5
Insurance
UP Global Sourcing Household 1,406 3.4
Holdings Goods & Home
Construction
Belvoir Lettings Real Estate 1,388 3.4
Investment &
Services
Jarvis Securities Financial 1,064 2.6
Services
Bloomsbury Publishing Media 1,048 2.5
Alumasc Group Construction & 950 2.3
Materials
DFS Furniture General 925 2.2
Retailers
Polar Capital Financial 919 2.2
Holdings Services
STV Media 910 2.2
Devro Food Producers 901 2.2
Marston's Travel & 844 2.0
Leisure
Tyman Construction & 801 1.9
Materials
MTI Wireless Edge Electronic & 792 1.9
Electrical
Equipment
Chesnara Life Insurance 786 1.9
Castings Industrial 775 1.9
Engineering
Flowtech Fluid Power Industrial 770 1.9
Engineering
Numis Corporation Financial 742 1.8
Services
Amino Technologies Technology 735 1.8
Hardware &
Equipment
Brewin Dolphin Financial 729 1.8
Holdings Services
Strix Group Electronic & 673 1.6
Electrical
Equipment
Severfield Industrial 667 1.6
Engineering
Clarke (T.) Construction & 664 1.6
Materials
Crest Nicholson Household 659 1.6
Goods & Home
Construction
Close Brothers Group Banks 646 1.6
Epwin Group Construction & 640 1.5
Materials
Essentra Support 616 1.5
Services
Premier Miton Group Financial 594 1.4
Services
Ramsdens Holdings Financial 590 1.4
Services
Vertu Motors General 588 1.4
Retailers
Finncap Group Financial 570 1.4
Services
Brown (N) Group General 564 1.4
Retailers
Regional REIT Real Estate 561 1.4
Investment
Trusts
DX Group Industrial 555 1.3
Transportation
Personal Group Nonlife 540 1.3
Holdings Insurance
Redde Northgate Support 533 1.3
Services
Headlam Group Household 530 1.3
Goods & Home
Construction
Curtis Banks Group Financial 500 1.2
Services
Photo-me Leisure Goods 490 1.2
International
Contourglobal Electricity 484 1.2
Braemar Shipping Industrial 472 1.1
Services Transportation
Vistry Group Household 469 1.1
Goods & Home
Construction
Palace Capital Real Estate 455 1.1
Investment &
Services
Wilmington Group Media 441 1.1
Appreciate Group Financial 378 0.9
Services
Kin & Carta Support 355 0.9
Services
iEnergizer Support 351 0.8
Services
Orchard Funding Group Financial 346 0.8
Services
Sabre Nonlife 343 0.8
Insurance Insurance
Centaur Media Media 340 0.8
Town Centre Real Estate 336 0.8
Securities Investment
Trusts
RTC Group Support 330 0.8
Services
Coral Products General 329 0.8
Industrials
Babcock Support 326 0.8
International Services
Portmeirion Personal Care 312 0.8
Group & Other
Household
Products
Hansard Global Life 310 0.7
Insurance
Connect Group Support 305 0.7
Services
Restaurant Travel & 297 0.7
Group Leisure
Bakkavor Food 292 0.7
Producers
Go-Ahead Group Travel & 292 0.7
Leisure
Saga General 276 0.7
Retailers
Shoe Zone General 260 0.6
Retailers
RPS Group Support 254 0.6
Services
TheWorks.co.uk General 248 0.6
[1] Retailers
McColl's Food & Drug 240 0.6
Retail Group Retailers
Foxtons Group Real Estate 238 0.6
Investment &
Services
Hargreaves Support 200 0.5
Services Services
Gattaca Support 176 0.4
Services
Revolution Travel & 157 0.4
Bars Group Leisure
Elementis Chemicals 149 0.4
Kier Group Construction 112 0.3
& Materials
Galliford Try Construction 107 0.3
& Materials
GLI Finance Financial 105 0.3
Services
Titon Holdings Construction 82 0.2
& Materials
Chamberlin Industrial 50 0.1
Engineering
Total 41,347 100.0
Portfolio
Shareholder Information
Financial calendar
Group's year end 30 April
Quarterly dividends paid July, October, January and April
Annual results announced July
Annual General Meeting September
Group's half year 31 October
Half-Year results announced November
Share prices and performance information
The Company's Ordinary (SDV.L) and Zero Dividend Preference shares issued through SDVP (SDVP.L) are
listed on the London Stock Exchange Main Market.
The net asset values are announced daily to the London Stock Exchange and published monthly via the AIC.
Information about the Group can be obtained on the Chelverton website at www.chelvertonam.com [2]. Any enquiries can also
be e-mailed to cam@chelvertonam.com.
Share register enquiries
The register for the Ordinary shares and Zero Dividend Preference shares are maintained by Share Registrars Limited. In
the event of queries regarding your holding, please contact the Registrar on 01252 821390. Changes of name and/or address
must be notified in writing to the Registrar.
Capital Structure
Chelverton UK Dividend Trust PLC ('the Company')
Chelverton UK Dividend Trust PLC was registered on 3 September 2003 with number 0374956. The Company has in issue one
class of Ordinary share. In addition, it has a wholly owned subsidiary SDV 2025 ZDP PLC, which was registered on 25
October 2017 with number 11031268, through which Zero Dividend Preference shares have been issued.
Ordinary shares of 25p each (SDV.L) - 20,850,000 in issue as at 31 October 2020
The Company has only one class of share and this figure represents 100% of the Company's share capital
and voting rights.
Dividends
Holders of Ordinary shares are entitled to dividends.
Capital
On a winding-up of the Company, Ordinary shareholders will be entitled to all surplus assets of the Company available
after payment of the Company's liabilities including the capital entitlement of the Zero Dividend Preference shares.
Voting
Each holder, on a show of hands, will have one vote and on a poll will have one vote for each Ordinary
share held.
SDV 2025 ZDP PLC ('SDVP')
Ordinary shares of 100p each ( SDVP.L) - 50,000 in issue (partly paid up as to 25p each)
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