Net Asset Value(s)

RNS Number : 5425N

Ceiba Investments Limited

20 May 2020

 

20 May 2020

CEIBA INVESTMENTS LIMITED

(the "Company")

(TICKER CBA, ISIN: GG00BFMDJH11)

Legal Entity Identifier : 213800XGY151JV5B1E88

UNAUDITED NET ASSET VALUE PER SHARE AS AT 31 MARCH 2020

CEIBA Investments Limited, 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 2020 was USD1.4921 (31 December 2019: USD1.5016).

Applying the GBP:USD exchange rate as at 31 March 2020 of USD1.2405:GBP1.00    (31 December 2019 USD1.1203:GBP1.00), the unaudited NAV in Sterling was GBP1.2028 (31 December 2019 GBP1.1452) per share .

The Non-IFRS NAV as at 31 March 2020 was USD1.5181 (31 December 2019: USD1.5295) per share or GBP1.2244 (31 December 2019: GBP1.1664) per share.   As at 31 March 2020, the IFRS NAV was US D205,420,062 and the Non-IFRS was US D209,003,396 . The difference arises because of the treatment of the USD5m funding from Aberdeen Standard Fund Managers Limited, which is being amortised over 5 years.

END OF ANNOUNCEMENT

For further information, please contact:

Aberdeen Standard Fund Managers Limited Sebastiaan Berger / Evan Bruce-Gardyne	Tel: [phone]
N+1 Singer James Maxwell / James Moat (Corporate Finance) James Waterlow (Sales)	Tel: [phone]
JTC Fund Solutions (Guernsey) Limited	Tel: [phone]

www.ceibainvestments.co.uk

 

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