Net Asset Value(s)

RNS Number : 7308M

Majedie Investments PLC

17 October 2016

 

MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the Company at the close of business on 14 October 2016 was as follows:

With debentures at par value: 317.12 per share

With debentures at fair value: 300.29 per share

The net asset value published is on a cum-income basis (calculated using income and expenditure estimates). Additionally the net asset value is calculated on 53,439,000 ordinary shares, being the number of shares in issue.

The fair value of debentures 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.

17 October 2016

 

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