Securities Trust OF Scotland Public Limited Company - STS- Profile

STOS Plc Formerly known as Securities Trust of Scotland PLC. The Company's principal activity is that of an investment trust. The objective of the company is to achieve rising income and long-term capital growth by investment in the United Kingdom. The emphasis is on companies with the potential for strong earnings and dividend growth. The Company is an Investment Company as defined in Section 266 of the Companies Act 1985. The Company has been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 31-Mar-2003.Investment management services are provided by Martin Currie Investment Management Ltd for a fee calculated on a quarterly basis at the rate of 0.40% of the average of the last eight quarter net asset values of the Company. The manager also receives £144,000 for secretarial services. The agreement is terminable by twelve months' notice by either party. Carries on business as an investment trust