Downing Strategic Micro-Cap Investment Trust Plc The Company announces: |
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Total Assets (including unaudited revenue reserves at 23/05/2019) of £43.92m |
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Net Assets (including unaudited revenue reserves at 23/05/2019) of £43.92m |
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The Net Asset Value (NAV) at 23/05/2019 was: |
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Number of shares in issue: |
Per Ordinary share (bid price) - including unaudited current period revenue* |
79.47p |
55,265,002 |
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Per Ordinary share (bid price) - excluding current period revenue* |
77.79p |
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Ordinary share price |
70.50p |
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Premium/(Discount) to NAV |
(11.29) |
% |
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*Current period revenue covers the period 01/03/2018 to 23/05/2019 |
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This morning Redhall Group ("RHL") announced the suspension of its shares on AIM, pending trying to resolve financial difficulties due to continued contract delays. DSM's exposure is c. £580k of RHL equity and £700k of secured loan notes. This reflects an overall exposure to RHL of 2.4p per share for DSM.