Net Asset Value

RNS Number : 4269O

Law Debenture Corp PLC

02 October 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 business on 30 September 2019 was 672.16 pence per share (ex income) and 689.19 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 638.19 pence per share (ex income) and 655.23 pence per share (cum income).  The mid-market price at the close of business on 30 September 2019 was 590.00 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 30 September 2019 are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 30 September 2019 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	3.93
2.	GlaxoSmithKline	3.44
3.	BP	2.17
4.	HSBC	2.16
5.	Rio Tinto	2.07
6.	Johnson Service	1.95
7.	Relx	1.90
8.	Prudential	1.81
9.	Rolls Royce	1.72
10.	AstraZeneca	1.71

Geographical Split of investment portfolio

Region	% of portfolio
UK	72
Europe	8
North America	7
Japan	1
Other Pacific	1
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

 

END

 

 

NAVFSAESFFUSESS