Net Asset Value and Portfolio Update

RNS Number : 0959Q

Law Debenture Corp PLC

01 June 2018

 

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 IPS businesses on 31 May 2018 was 694.48 pence per share (ex income) and 703.09 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 673.28 pence per share (ex income) and 681.88 pence per share (cum income).  The mid-market price at the close of business on 31 May 2018 was 602.00 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 May 2018 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 May 2018 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	4.29
2.	HSBC	2.44
3.	BP	2.36
4.	Senior	2.30
5.	Stewart Investors Pacific	2.11
6.	GlaxoSmithKline	2.05
7.	Rio Tinto	2.04
8.	Rolls Royce	1.74
9.	Baillie Gifford Pacific	1.74
10.	Prudential	1.70

Geographical Split of investment portfolio

Region	% of portfolio
UK	65
Europe	8
North America	8
Japan	2
Other Pacific	4
Other	2
Cash and Fixed Interest	11
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).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

 

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