Net Asset Value and Portfolio Update

RNS Number : 9910A
Law Debenture Corp PLC
04 June 2019
 

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 2019 was 653.02 pence per share (ex income) and 664.42 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 626.93 pence per share (ex income) and 638.34 pence per share (cum income).  The mid-market price at the close of business on 31 May 2019 was 592.00 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 2019 are set out below.

 

Top 10 Holdings

 

The top 10 holdings in the investment portfolio as at 31 May 2019 were:

 

 

Rank

 

Name of Holding

% of portfolio (excl. cash)

1.

Royal Dutch Shell

4.18

2.

GlaxoSmithKline

2.37

3.

BP

2.34

4.

Rio Tinto

  2.30

5.

HSBC

  2.30

6.

Prudential

1.99

7.

Johnson Service

1.95

8.

Rolls Royce

1.92

9.

Relx

1.87

10.

Senior

1.82

 

Geographical Split of investment portfolio

 

 

Region

% of portfolio

UK

69

Europe

7

North America

8

Japan

1

Other Pacific

4

Other

1

Cash and Fixed Interest

10



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


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NAVLLFSERRIVIIA
UK 100