Statement re Cash and Commitm

RNS Number : 9962F

Graphite Enterprise Trust PLC

22 January 2010

 

                                                   GRAPHITE ENTERPRISE TRUST PLC

CASH AND COMMITMENT POSITION

 AT 31 DECEMBER 2009

22 JANUARY 2010 

Graphite Enterprise Trust PLC ('Graphite Enterprise' or 'the Company') announces that at 31 December 2009, it had cash of £114.0 million and outstanding commitments of £243.2 million. At 30 September 2009, the Company had cash of £110.5 million and outstanding commitments of £270.1 million.

The Company received realisation proceeds of £8.4 million in the final quarter of the year. Drawdowns and investments in the portfolio in the same period were only £4.0 million. The Company was released from £17.5 million of outstanding commitments in the quarter. These releases had no impact on the Company's net asset value per share.

Graphite Enterprise expects to release its final results for the year ended 31 December 2009 towards the end of March 2010.

This information has not been audited or reviewed by the Company's auditors.  

Enquiries:

Stephen Cavell
Tim Spence
0207 825 5300

 

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