Asset Valuation

RNS Number : 0433K

Woodford Patient Capital Trust PLC

23 August 2019

 

23 August 2019

Woodford Patient Capital Trust plc

LEI: 2138008X94M7OVE73I77

Asset Valuation

Link Fund Solutions Limited ("Link"), through its Fair Value Pricing Committee, is responsible for the valuation of the portfolio of Woodford Patient Capital Trust plc (the "Company"). Link, with the support of an independent valuation firm (IHS Markit), undertakes the valuation of the Company's unquoted assets in accordance with the Financial Reporting Standard (FRS) 102 and International Private Equity and Venture Capital Guidelines (IPEV).

The Board has been notified by Link that it intends to reduce the valuation of the Company's holding in IH Holdings International Limited.  This is expected to impact the Company's net asset value by approximately 3.4 pence per share and will be reflected in the Company's net asset value as at 23 August 2019 (which will be announced to the market on 27 August 2019). The valuation adjustment reflects a reassessment of the current progress of the business.  

This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

Enquiries:

FTI Consulting Ed Berry	020 3727 1046
Winterflood Investment Trusts Neil Langford Chris Mills	020 3100 0000

 

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