Under Rule 2.2.3R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, Albar Capital Limited (“Albar” or “the Firm”), to the extent it is managing investments for a professional client (as defined by the FCA), is required to include a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, explain its considered choice based on the Firm’s investment approach. The Code is a voluntary code and sets out a number of principles relating to engagement by investors in UK-listed companies.
Albar invests in a variety of asset classes in a variety of jurisdictions globally. Whilst Albar generally supports the objectives that underlie the Code, the nature of its investment strategy does not allow it to formally engage with investee companies through voting rights. The Firm has therefore chosen not to commit to the Code at this time.
© 2019 Albar Capital Limited. All rights reserved. Albar Capital Limited is a limited company, registered in England and Wales, with Registration Number 10854444. Albar Capital Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority.