Net Asset Value as at 6 January 2023

RNS Number : 1920N

Trian Investors 1 Limited

19 January 2023

 

19 January 2023

TRIAN INVESTORS 1 LIMITED
(the "Company")

Net Asset Value as at 6 January 2023

Trian Investors 1 Limited is pleased to announce its Net Asset Value as at 6 January 2023 was £487.8 million, or 194.33 pence per Ordinary Share.

As previously announced, the Board of the Company, in consultation with the Company's advisors and Trian Investors Management, LLC, have made provisions for estimated redemption and wind-up expenses. The Company has provided for an aggregate of approximately £695,000 of redemption and wind-up expenses. In addition, as a consequence of the distribution of the FERG shares, full provision has been made in the Company's NAV as at 6 January 2023 for the management fee payable in respect of the FERG investment up to 31 December 2023. The management fee in respect of the balance of the net assets of the Investment Partnership continues to be accrued as before, namely the monthly fee up to 30 June 2023 is expensed each month and the remaining six month's fee to 31 December 2023 is being accrued over the ten-month period ending 30 June 2023. This treatment will be reviewed again when the timing of the next redemption is known. 

LEI: 213800UQPHIQI5SPNG39

For further information, please contact:

Numis Securities Limited

[phone]

David Benda

Ocorian Administration (Guernsey) Limited
(Administrator and Company Secretary)
[phone]
Chezi Hanford

 

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