The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 77
THE EDINBURGH INVESTMENT TRUST PLC / FINANCIAL REVIEW / 75
20. RELATED PARTY TRANSACTIONS AND TRANSACTIONS WITH THE MANAGER
A related party is a company or individual who has direct or indirect control or who has significant influence over the
Company. Under accounting standards, the Manager is not a related party.
Under UK GAAP, the Company has identified the Directors as related parties. The Directors’ remuneration and interests have been
disclosed in pages 44 and 45 with additional disclosure in note 4. No other related parties have been identified.
Details of the Manager’s services and fees are disclosed in the Directors’ Report on page 39, and in note 3.
21. POST BALANCE SHEET EVENTS
On 1 April 2022 Majedie Asset Management Limited, the Company’s AIFM since its appointment on 4 March 2020, was acquired by
Liontrust Asset Management PLC. Liontrust Fund Partners LLP became the Company’s AIFM. The responsibility for the day-to-day
investment management activities of the Company has been delegated to Liontrust Investment Partners LLP. The Company’s portfolio
management team, with James de Uphaugh as the portfolio manager and Chris Field as the deputy manager, remains unchanged. The
Majedie investment team will continue to be led by James de Uphaugh and will operate as the Liontrust Global Fundamental team.
There are no other significant events or adjustment to the financial statements after the end of the reporting year requiring disclosure.