Net Asset Value

RNS Number : 2689D

Law Debenture Corp PLC

18 February 2020

 

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including the fair value of IPS business* on 14 February 2020 was 708.01 pence per share (ex income) and 732.61 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 672.69 pence per share (ex income) and 697.29 pence per share (cum income).  The mid-market price at the close of business on 14 February 2020 was 622.00 pence per share. 

* The fair value of the IPS business is consistent with the most recent formal valuation at 30 June 2019.  The fair value at 31 December 2019 is currently being calculated and will be published as part of our audited results. 

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Debbie Fish, Company Secretariat, 020 7696 5940).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

 

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