Correction Announcement - Net Asset Value(s)

RNS Number : 8917H

Intl. Biotechnology Trust PLC

17 July 2012

 



International Biotechnology Trust plc

The Board of International Biotechnology Trust plc announces that with reference to the unaudited net asset value per share released at 11.35am today, 17 July 2012 the 16 July 2012 unaudited net asset value per share numbers should have been

Date	NAV	Pence
Monday 16 Jul	Ex Income	232.05
Monday 16 Jul	Cum Income	229.22

This change resulted from an administrative error that incorrectly valued an unquoted stock at £1.9m below the value intended by the Board.  The administrative valuation error first occurred on 8 June 2012 and has been an incorrect component of the NAV calculation until it was identified today.

The above disclosure on NAV categorisation is as per the AIC guidance note "NAVs published via Regulatory Information Service (RIS) Platforms" issued 3 July 2007

 

Enquiries

International Biotechnology Trust plc 

Nick Coleman

SV Life Sciences Managers LLP

020 7421 7070

 

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