Net Asset Value

RNS Number : 9633I

Law Debenture Corp PLC

26 March 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 23 March 2018 was 645.64 pence per share (ex income) and 647.36 pence per share (cum income), which excludes the proposed 2017 final dividend of 11.80p.  With the Corporation's long term debt stated at fair value, the NAV was 624.00 pence per share (ex income) and 625.72 pence per share (cum income).  The mid-market price at the close of business on 23 March 2018 was 576.00 pence per share.  The final dividend will be paid, subject to shareholder approval, on 19 April 2018 to holders on the register at the record date of 16 March 2018.

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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