Net Asset Value(s)

RNS Number : 2209U
Merchants Trust PLC
12 May 2008
 



The Merchants Trust plc


As recommended by the AIC, financial assets are now valued on a bid price basis in accordance with revised UK accounting standards.


The Merchants Trust PLC announces that at close of business on 9 May 2008:

  • based on the book value of the company's long term debt and preference shares, its capital net asset value per ordinary share was 496.72p; and

  • based on the market value of the company's long term debt and preference shares, its capital net asset value per ordinary share was 483.04p.


The market values of the company's long term debt and preference shares are based on closing Stock Exchange Daily Official List prices (with the exception of the 2029 5.875% debenture stock where the market value is derived by applying an interest rate that represents a suitable premium over a comparable gilt) and are updated monthly.


Enquiries:  

Kirsten Salt

Tel: 020 7065 1513

12 May 2008


This information is provided by RNS
The company news service from the London Stock Exchange
 
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