Preliminary Unaudited Net Asset Value at 30/6/19

RNS Number : 4503H

Dunedin Enterprise Inv Trust PLC

01 August 2019

 

Dunedin Enterprise Investment Trust PLC

LEI:     213800E2VLUZ5AF9Z434

Date:   1 August 2019

Time:  07.00am

Preliminary Unaudited Net Asset Value announcement for 30 June 2019

The Board of Dunedin Enterprise Investment Trust PLC is pleased to announce a preliminary unaudited net asset value of 400.9p per share as at 30 June 2019.  In the six months to 30 June 2019 the net asset value total return was 3.6%. 

The preliminary unaudited net asset value has been calculated using the underlying managers' latest valuations (including those received since 30 June 2019), which remain subject to review by the Board of Directors. 

Based on those valuations, as at 30 June 2019, the Company's unlisted investments were valued at £71.7m.  The Company also held cash balances of £11.7m and net current liabilities of £0.6m making a total net assets position of £82.8m. 

During the quarter to 30 June 2019 a dividend of 2p per share was paid to shareholders on 16 May 2019 and there was a fourth return of capital to shareholders on 12 June 2019 of 25p per share.

The net asset value per share at 30 June 2019 of 400.9p compares to a net asset value per share of 400.2p at 31 March 2019, after taking account of the 2p per share dividend and 25p per share return of capital.

The finalised net asset value per share will be published on 13 September 2019.

This announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014. Upon publication of this announcement, this inside information is now considered to be in the public domain.

For further information, please contact:

Dunedin LLP

Company Secretary

Telephone: [phone]

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