Net Asset Value(s)

RNS Number : 9937Q

Majedie Investments PLC

05 December 2016

 

MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the Company at the close of business on 2 December 2016 was as follows:

With debentures at par value: 323.27 per share

With debentures at fair value: 307.46 per share

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.

5 December 2016

 

END

 

 

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