Interim Management Statement

RNS Number : 6682P

Investment Company PLC

03 October 2013

 



THE INVESTMENT COMPANY PLC

INTERIM MANAGEMENT STATEMENT

Since our capital reorganisation at the end of June when the participating preference shares were all converted into ordinary shares, the net asset value of the ordinary shares has risen modestly but steadily from 341.98p to 356.24p at 27 September.

Our new managers have been cautious about investing into equities the £4.3m cash raised by the placing on 26 June and £1.235m is still uninvested and held in cash. The £500,000 facility with Barclays Bank remains undrawn.

Your Board anticipates declaring a first interim dividend in respect of the three months to 30 September before the end of October which will be payable in November as indicated in my statement of 28 August 2013.

 

END

 

 

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