Majedie Investments PLC
Legal Entity Identifier: 2138007QEY9DYONC2723
27 May 2020
Net Asset Value (NAV)
The unaudited net asset value per share at the close of business on 26 May 2020 was as follows:
With debentures at par value: 242.32 per share
With debentures at fair value: 233.68 per share
The net asset value published is on a cum-income basis and the net asset value is calculated on 53,027,638 ordinary shares, being the number of shares in issue. It also incorporates a valuation change to the investment in Majedie Asset Management Limited as detailed in the 31 March 2020 Half-Yearly Financial Report which was released this morning.
The fair value of March 2025 debenture is calculated by using the yield of UK Treasury Bonds of an equal duration plus a 2.5% risk premium. The Board sees this mechanism as transparent, market related and consistent with best practice.
Enquiries
William Barlow
Majedie Investments PLC
Ph: 020 7382 8185