Net Asset Value(s)

RNS Number : 8785U

Majedie Investments PLC

23 January 2017

 

Majedie Investments PLC

Legal Entity Identifier: 2138007QEY9DYONC2723

23 January 2017

Net Asset Value (NAV)

The unaudited consolidated net asset value per share at the close of business on 20 January 2017 was as follows:

With debentures at par value: 333.63 per share

With debentures at fair value: 318.33 per share

The net asset value is ex the 2016 final dividend of 5.75p per share following shareholder approval at the 2017 AGM on 18 January 2017.

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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