Net Asset Value(s)

RNS Number : 2244T

Majedie Investments PLC

03 January 2017

 

MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the Company at the close of business on 30 December 2016 was as follows:

With debentures at par value: 335.11 per share

With debentures at fair value: 318.91 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.

3 January 2017

 

END

 

 

NAVLLFVSLAIVIID