Net Asset Value

RNS Number : 5531Q

Law Debenture Corp PLC

01 September 2014

 



Net Asset Value

The Board of The Law Debenture Corporation p.l.c. announces that its Net Asset Value (NAV Ex Income) at 31 August 2014 was 482.11 pence per share and NAV Cum Income was 489.02 pence per share.  With the Corporation's long term debt stated at fair value, the NAV is reduced by 8.76 pence per share.  The mid-market price at the close of business on 31 August 2014 was 529.00 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 August 2014 are set out below

Top 10 Holdings

The top 10 holdings in the portfolio as at 31 August 2014 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	BP	2.76
2.	Senior	2.69
3.	GKN	2.60
4.	Royal Dutch Shell	2.50
5.	Henderson Japan Capital Growth	2.27
6.	Rio Tinto	2.24
7.	Henderson Asia Pacific Capital Growth	2.23
8.	Baillie Gifford Pacific	2.09
9.	HSBC	1.98
10.	First State Asia Pacifc	1.83

Geographical Split

Region	% of portfolio
UK	70
Europe	6
North America	8
Japan	3
Other Pacific	6
Other	2
Cash and Fixed Interest	5
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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