NAV Update

RNS Number : 2680W
Gresham House Strategic PLC
25 April 2016
 

Gresham House Strategic plc

25 April 2016

 

Net Asset Value Update

 

Gresham House Strategic plc (the "Company"), announces that as at 22 April 2016 the unaudited net asset value (NAV) per ordinary share was 984.2 pence.

 

The Company has entered into placing commitments totaling £2.6m in respect of fund raisings by Be Heard Group plc and Northbridge Industrial Services plc. In each case, the trade date has past although settlement is conditional on the respective shareholder approvals.  The shares subject to these placings are included in the NAV at £2.7m (73.5 pence per share), based on the respective bid prices on 22 April 2016.

 

The calculation is based on 3,687,504 ordinary shares with a nominal value of 50 pence each (the "Ordinary Shares"), being the Company's issued share capital of 3,843,275 Ordinary Shares less 155,771 Ordinary Shares held in treasury.

 

 

For further information, please contact:

 

Gresham House Strategic plc

David Potter 

07711 450 391

 




Gresham House plc / Gresham House Asset Management Ltd

Investment Manager

Graham Bird

 

020 3757 5613

 




finnCap

(Nominated Adviser and Broker)

Matt Goode/

Emily Watts

 

020 7220 0500

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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