Net Asset Value update at 10 January 2014

RNS Number : 4391X

Starvest PLC

10 January 2014

 

Friday 10 January 2014

("the Company")

Net asset value update at 10 January 2014

Further to the Company's announcement of its net asset value as at 31 December 2013 and in fulfilment of the undertaking given to advise the market of significant changes, the Company is pleased to announce that at today's close, the net asset value had increased by 62% since 31 December 2013.  A number of investments have contributed to this surge in value, but especially  Nordic Energy plc in which the Company has a major stake.

	10 January 2014	31 December 2013	30 September 2013
Trading portfolio value	£3.42m	£1.95m	£2.52m
Company net asset value	£3.82m	£2.36m	£2.73m
Net asset value per share	10.29 pence	6.35 pence	7.44 pence
Share price - mid	3.62 pence	3.88 pence	5.62 pence
Share price discount to net asset value	65%	39%	24%
Market capitalisation	£1.35m	£1.44m	£2.09m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2013 annual report.

The Company will next update the market as soon as practicable after 31 March 2014, or in the event of a significant change in valuation during the quarter.

R Bruce Rowan Chairman & Chief Executive 10 January 2014

Enquiries to:

Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 07768 512404; [e-mail]

Colin Aaronson or Ed Thomas - Grant Thornton UK LLP 020 7383 5100

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