Net Asset Value and Tender Offer

RNS Number : 1146X

Qatar Investment Fund PLC

07 January 2014

 



7 January 2014

QATAR INVESTMENT FUND PLC

("QIF" or the "Company")

Net Asset Value and Clarification of Tender Price calculation

The Board of Qatar Investment Fund plc ("the Fund") announces that the ex-dividend, unaudited, undiluted net asset value per share on 2 January 2014 was US$1.2576.

The dividend of US$0.032 per Ordinary Share, as approved by shareholders on 4 November 2013, will be paid on 31 January 2013 with an ex-dividend date of 23 December 2013.

The calculation formula for the Tender Price is set out in the Company's 5 December 2013 circular (the "Circular"), and it includes using the latest published net asset value per share as at the Calculation Date and then deducts tender offer related expenses and then applying a 1% discount.

However, due to an administrative oversight regarding the determination of the record date for the Company's 3.2 cents dividend being prior to the Calculation Date of the Tender Price, the Company wishes to clarify that the latest published net asset value used for calculating the Tender Price will be adjusted to exclude the effect of the 3.2 cents dividend. Thus for the purposes of calculating the Tender Price as set out in the Circular the latest published net asset value per share will be US$1.2896.  

Capitalised terms and expressions have the same meanings as those attributed to them in the Company's circular dated 5 December 2013.

For further information:

Qatar Investment Fund Plc [phone]

Nick Wilson

Panmure Gordon [phone]

Richard Gray / Andrew Potts / Atholl Tweedie

Maitland [phone]

William Clutterbuck / Robbie Hynes

Galileo Fund Services Limited [phone]

Ian Dungate

 

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