Net Asset Value(s)

RNS Number : 2712U

Majedie Investments PLC

16 January 2017

 

Majedie Investments PLC

Legal Entity Identifier: 2138007QEY9DYONC2723

16 January 2017

Net Asset Value (NAV)

The unaudited consolidated net asset value per share at the close of business on 13 January 2017 was as follows:

With debentures at par value: 344.00 per share

With debentures at fair value: 328.46 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.

Enquiries

William Barlow

Majedie Investments PLC

Ph: 020 7382 8185

 

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