Portfolio Update

RNS Number : 5288R
Intl. Biotechnology Trust PLC
24 August 2010
 



INTERNATIONAL BIOTECHNOLOGY TRUST PLC

 

Portfolio Update

 

The Board of International Biotechnology Trust plc (the "Company") notes the following change to the value of the unquoted portfolio company Cadent Holdings.

 

Cadent Holdings is now valued on an EBITDA basis, following a sustained period of profitability.  This valuation change will be incorporated into the net asset value ("NAV") of the Company from today and reflected in the Company's NAV announcements with effect from tomorrow, 25 August 2010.  This increases the NAV by £1.0m, representing 1.7 pence per share.  

 

Enquiries:

 

Kate Bingham/David Pinniger

Telephone: 020 7412 7070       

SV Life Sciences Managers LLP   

Investment Manager                                       

 

Rachael Nelson

Telephone: 020 7410 3132

BNP Paribas Secretarial Services Limited

Company Secretary

 

 

24 AUGUST 2010

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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