Company Profile
The Equity Partnership Investment Company PLC ("EPIC" or "the Company") invests in a range of assets, including quoted equities, unquoted equities, bonds and investment funds.
For investors there are three ways to invest in the company, either via capital shares, incomes shares or Zero Dividend Preference Shares.
Capital Shares
The capital shares have the right at the end of Company's life to all capital growth and accumulated income after all liabilities including income share obligations are satisfied.
Income Shares
The income shares carry the entitlement to cumulative preferential dividends, the annual rate of which will be increased each year in proportion to the Retail Price Index (RPI), capped at a maximum 5% increase for any year.
Zero Dividend Preference Shares
The Zero Dividend Preference Shares will have an initial capital entitlement of 100p, increasing to 139.3p on the Repayment Date, which is equivalent to a Redemption Yield of 6.5 per cent on the Placing Price of 100p. The Zero Dividend Preference Shares do not carry any entitlement to receive Income and are expected to remain in place until the Repayment Date in 2011.
Fund Manager
The fund is managed by Jo Welman who graduated in economics from Exeter Univesity in 1979. He joined Baring Brothers where he managed several large segregated UK and US public company pension funds and The Barings UK Smaller Companies Unit Trust.
In 1989 he was recruited by Rea Brothers to become the managing director of the investment management subsidiary. He resigned as a director of Rea Brothers Group PLC in August 1999 following the bank's take-over by close brothers. He resigned as chairman of Brit Insurance Holdings PLC in September 2002 and is Chairman and Chief Executive of EPIC Investment Partners Limited, the owner of the Company’s Fund Manager.
