Net Asset Value and Portfolio Update

RNS Number : 8841F

Law Debenture Corp PLC

01 August 2016

 

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including fair value of IFS businesses on 31 July 2016 was 558.46 pence per share (ex income) and 569.13 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 528.47 pence per share (ex income) and 539.15 pence per share (cum income).  The mid-market price at the close of business on 31 July 2016 was 495.00 pence per share.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 31 July 2016 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 July 2016 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	3.18
2.	Stewart Investors Pacifc	2.22
3.	Baillie Gifford Pacific	2.18
4.	BP	2.17
5.	GKN	2.07
6.	Rio Tinto	2.05
7.	HSBC	2.04
8.	GlaxoSmithKline	2.01
9.	Rolls Royce	1.94
10.	Senior	1.87

Geographical Split of investment portfolio

Region	% of portfolio
UK	62
Europe	7
North America	11
Japan	1
Other Pacific	5
Other	2
Cash and Fixed Interest	12
TOTAL	100

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

 

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