Net Asset Value(s)

RNS Number : 0402L

Witan Pacific Investment Trust PLC

02 January 2009

 



WITAN PACIFIC INVESTMENT TRUST PLC (the 'Company')

As at close of business on 31 December 2008, the unaudited net asset value per share

(at bid values) with prior charges at nominal value, of the Company was as follows:

Net asset value per ordinary 25p share - ex income:    159.52 pence

Net asset value per ordinary 25p share - cum income: 162.91 pence 

The net assets shown above include the receipt of £495,208.83 in respect of a refund of Value Added Tax paid by the Company to its fund manager between 1990 to 1996 plus the sum of £365,708.90 representing interest thereon less tax.  These payments relate to the decision of the European Court of Justice in the Claverhouse case and subsequent negotiations with HM Revenue & Customs. If these receipts had not been included as a current asset of the Company, the NAV cum income per ordinary 25p share as at 31 December 2008 would have been 162.01 pence.

Phoenix Administration Services Limited - Secretary

 

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