Net Asset Value(s)

RNS Number : 4817A

Ceiba Investments Limited

29 May 2019

 

29 May 2019

CEIBA INVESTMENTS LIMITED

(TICKER CBA, ISIN: GG00BFMDJH11)

UNAUDITED NET ASSET VALUE PER SHARE AT 31 MARCH 2019

CEIBA Investments Limited ("CEIBA" or the "Company"), the largest listed foreign investor solely dedicated to investing in Cuba, announces that its unaudited net asset value per share ("NAV") as at 31 March 2019 was US$1.5073 (31 December 2018 audited NAV US$1.4937).

Applying the £ : US$ FOREX as at 31 March 2019 of 1.3053 (31 December 2018  1.2691), the unaudited NAV in Sterling, was £ 1.1547 per share (31 December 2018 audited NAV £ 1.1770).

The non-IFRS NAV at 31 March 2019 is US$1.5406 per share or £1.1802 per share.  These figures include an adjustment recognising the full amount of US$5.0m / £3.9m received from Aberdeen Standard Fund Managers Limited in connection with the execution of the  Management Agreement (rather than deferring this amount over the five-year term of the Management Agreement as required by IFRS).

For further information, please contact:

Aberdeen Standard Fund Managers Limited Sebastiaan Berger / Gary Jones / Christian Pittard	Tel:  [phone]
N+1 Singer James Maxwell / James Moat (Corporate Finance) James Waterlow (Sales)	Tel: [phone]

The monthly reported NAV per share, together with performance statistics and information on the valuation of principal investments, is available on CEIBA's website at www.ceibainvestments.co.uk.

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