Structure and Key Parties

The Administrator is a specialised entity responsible for providing various administrative and operational services to ensure the smooth functioning of the fund. Administrators play an important role in supporting fund management and ensuring compliance with regulatory requirements. Examples of areas where the Administrator is involved include Fund Accounting, Investor Services, Fund Valuation, Regulatory Compliance, Reporting and Statements, Cash Management Fund Operations, Audit and Assurance etc.

Group of elected or appointed individuals to oversee and make strategic decisions for a company (or entity). The board of directors is responsible for representing the interests of shareholders/investors and ensuring that the firm operates in a manner that aligns with its mission, objectives and values.

A corporate broker, also known as stockbroker is a financial intermediary that acts as an intermediary between a company and the stock market. Corporate brokers provide a range of services related to the company's shares and securities, helping facilitate trading activities, maintain investor relations and navigate regulatory requirements.

The FTSE 250 (which ORIT is included in) is an index that tracks the performance of the largest 250 largest publicly traded companies in the United Kingdom, which are not included in the FTSE 100 index. It gives an idea of how mid-sized companies in the UK stock market are doing.

The Investment Manager is the entity responsible for managing the investment portfolio (see definition of portfolio management) and making investment proposals to the Board of Directors for their decision and ultimate approval . The Investment Manager's role is to implement the investment strategy, select and manage the underlying assets and work towards achieving the investment objectives.

An Investment Trust is a type of pooled investment vehicle that pools money from multiple investors to invest in a portfolio of assets and/or other securities. It is a publicly traded company listed on a stock exchange and managed by a professional fund management team.

The London Stock Exchange (LSE), through which ORIT is listed, is one of the most prominent stock exchanges, serving as a marketplace for buying and selling securities including stocks, bonds and other financial instruments. It plays a pivotal role in facilitating capital raising, investment and trading activities for companies, investors (including retail investors) and financial institutions.

A Non-Executive Director (NED) is a member of company's board of directors (see definition) who does not hold a full-time executive position within the organisation. Unlike Executive Directors who are involved in the day-to-day management and operations, Non-Executive Directors primarily focus on providing independent oversight, guidance and strategic advice to the company. Non-Executive Directors play an important role in promoting effective corporate governance, enhancing transparency, and contributing to the overall success and sustainability of the organisation.

Refers to a listing segment that has stricter eligibility criteria and governance requirements for companies seeking to list their shares on the exchange. It is designed to showcase companies with higher standards of corporate governance and transparency.

The LSE's primary market is where companies initially list their shares through initial public offerings (IPOs, see definition).