Net Asset Value

RNS Number : 8446U

Law Debenture Corp PLC

11 April 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 08 April 2016 was 524.84 pence per share (ex income) and 528.23 pence per share (cum income), which excludes the proposed 2015 final dividend of 11.00p.  With the Corporation's long term debt stated at fair value, the NAV was 510.42 pence per share (ex income) and 513.81 pence per share (cum income).  The mid-market price at the close of business on 08 April 2016 was 462.00 pence per share.  The final dividend will be paid, subject to shareholder approval, on 21 April 2016 to holders on the register at the record date of 18 March 2016.

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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