RT Briscoe Launches Fresh Recapitalisation Fund

RT Briscoe Nigeria Plc has announced the launch of a first of its kind, the “R.T. Briscoe Savings and Invest­ment Fund”.

The fund is the first to allow investors save within a regulated vehicle towards investing into the capital of a target company.

Following the approval from the Securities and Ex­change Commission (SEC), the milestone marks a sig­nificant step in RT Briscoe’s commitment to providing in­novative opportunities to its existing and potential share­holders to invest in the com­pany with a savings plan.

According to the compa­ny; “ This approach ensures that investors can own a stake in R.T. Briscoe Nige­ria PLC through a saving plan (monthly or other­wise) towards their target investment amount in the company.

“ This makes it much eas­ier and very accessible to a broader range of investors who may not have the one-off capital to invest at once but, instead would be able to save towards it over a period of time.

“The R.T. Briscoe Savings and Investment Fund is an open-ended money mar­ket fund with the prima­ry objective being to offer unitholders a steady stream of income whilst they save towards their target invest­ment in the company and also provide the investor with capital preservation at the point of the conversion into ordinary shares of R.T, Briscoe. “By investing the pooled funds into a diversi­fied portfolio of high-quality money market instruments, the fund ensures low risk and competitive returns.

“Essentially, this is a save-to-invest in your company, R.T. Briscoe”.

The company noted that the fund is professionally managed by DLM Asset Management Limited who recently won the best Asset Management company of the year at the African In­dustrial and Development Conference and Awards.

This accolade under­scores their commitment to ensuring expert oversight and strategic investment decisions. First City Monu­ment Bank Limited serves as the custodian, while UTL Trust Management Services acts as the trustee, provid­ing additional security and transparency.

With a minimum sub­scription of 10 units at N1,000 per unit, the fund is accessible with a minimum investment of N10,000. The fund comprises 1,000,000 units available for subscrip­tion, providing many oppor­tunities for investors.

Additionally, the fund of­fers liquidity, allowing easy access to investments and the final option to convert the investor’s holdings into equity ownership in R.T. Briscoe Nigeria PLC.

Seyi Onajide, Group Managing Director and Chief Executive of RT Briscoe Nigeria Plc, ex­pressed his enthusiasm about the launch: “We are thrilled to introduce the R.T. Briscoe Savings and Investment Fund, demon­strating our dedication to providing reliable and ac­cessible investment oppor­tunities that empower all investors to achieve their investment goals in our company with ease. This launch underscores our commitment to innovation and growth, offering clients an opportunity to save to own a part of R.T. Briscoe Nigeria PLC. We believe this fund will not only ulti­mately enhance our capital position, but also reinforce our leadership across our diverse businesses, includ­ing Automobile, Industrial Air Compressor, Material Handling, Industrial Equip­ment, Power, and Real Es­tate.

Ugonnaya Osi, MD of DLM Asset Management, commented on the RT Briscoe Nigeria Plc fund, emphasizing, “With the ex­pertise of DLM Asset Man­agement Limited and the unwavering support of our trusted partners, we are con­fident that the RT Briscoe Fund will deliver significant value to our investors and the company. As stewards of the RT Briscoe Fund, our commitment extends beyond mere management; we aim to maximize returns and foster sustained finan­cial growth through meticu­lous oversight and strategic foresight. This dedication ensures that every invest­ment decision is informed by a deep understanding of market dynamics and in­vestor needs, reinforcing our pledge to deliver excellence in financial management.” She added.

Investing in the R.T. Briscoe Savings and Invest­ment Fund is straightfor­ward. Interested individuals can fill out a subscription form and complete the Know Your Customer (KYC) re­quirements and just make their target monthly or oth­erwise payments towards owning a part of Nigeria’s corporate history.