Preliminary Unaudited Net Asset Value at 31/12/18

RNS Number : 7494O

Dunedin Enterprise Inv Trust PLC

01 February 2019

 

Dunedin Enterprise Investment Trust PLC

LEI:     213800E2VLUZ5AF9Z434

Date:   1 February 2019

Time:  07.00am

Preliminary Unaudited Net Asset Value announcement for 31 December 2018

The Board of Dunedin Enterprise Investment Trust PLC is pleased to announce a preliminary unaudited net asset value of 412.2p per share as at 31 December 2018.

The preliminary unaudited net asset value has been calculated using the underlying managers' latest valuations (including those received since 31 December 2018), which remain subject to review by the Board of Directors and audit by KPMG LLP. 

Based on those valuations, as at 31 December 2018, the Company's unlisted investments were valued at £75.2m.  The Company also held cash balances of £5.7m and net current assets of £4.2m making a total net assets position of £85.1m. 

Following the year end the unlisted investment in Litalsa was realised generating proceeds of £3.9m.  Litalsa was valued at the realised proceeds at 31 December 2018.

The audited net asset value per share will be published around 15 March 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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