Net Asset Value(s)

RNS Number : 7063N

Chelverton Growth Trust PLC

10 August 2017

 

CHELVERTON GROWTH TRUST PLC

The Net Asset Value, based on bid prices, per Ordinary Share of 1p (including current period revenue to (31 July 2017) at close of business on 31 July 2017 was: 

Per Ordinary Share		80.51p
Ordinary Share price		63.00p
Discount to NAV		21.75%

This is based on 6,377,088 Ordinary Shares, being the issued capital of 6,377,088 Ordinary Shares, none held in treasury.

PORTFOLIO HOLDINGS

	Name of Company	% of Portfolio
1.	CEPS	26.25
2.	Transflex Vehicle Rental	18.88
3.	Touchstar	13.13
4.	Plutus Powergen	11.17
5.	Petards	8.23
6.	Lombard Risk Management	6.53
7.	MTI Wireless Edge	3.84
8.	Chelverton Asset Management Holdings	3.23
9.	Pedalling Forth Limited	3.05
10.	Main Dental	2.80
11.	Universe Group	1.32
12.	Security Research	1.27
13.	One Horizon Group	0.30
14.	Anaxsys Technology	0.00
		100.00

The Board is pleased to announce that the sale of Transflex, the fund's second largest investment, took place on the 2 August.  The fund invested in Transflex in January 2012 at the start-up stage, and made three further investments to finance the growth of the business.  The total cost of the investment was £325,000 and after all expenses a sum of £925,409 has been received in cash, equivalent to 2.84 times the original investment.  Anticipating the sale, the June valuation already included Transflex at 325p and the eventual sales price, net of expenses, of 333.48p has now been included in the July valuation.

Enquiries:

Jon Carslake - 01392 487056 

ISCA Administration Services Limited - Company Secretary

10 August 2017

 

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