Net asset value update at 24 March 2017

RNS Number : 8048A

Starvest PLC

29 March 2017

 

29 March 2017

Starvest Plc ("Starvest" or "the Company")

Net asset value update at 24 March 2017

In advance of the Annual General Meeting to be held on 30 March 2017, the Company announces the net asset value as at the close of business on 24 March 2017 as follows:

	24 March 2017	30 September 2016	31 March 2016
Trading portfolio value	£1.35m	£1.37m	£1.04m
Company net asset value	£1.3m	£1.27m	£1.07m
Net asset value per share	2.98 pence	3.21 pence	2.83 pence
Share price - mid	3.00 pence	2.25 pence	1.25 pence
Share price discount to net asset value	16%	31%	56%
Market capitalisation	£1.09m	£0.87m	£0.47m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2016 annual report.  The discounts applied to bid prices at 24 March 2017 totalled £134,103.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Callum N Baxter Chairman & Chief Executive 29 March 2017

Enquiries to:

Callum Baxter, Chairman [e-mail] or John Watkins, Finance Director 07768 512 404; [e-mail]

Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP  -  020 7383 5100.

Nick Emerson or Andy Thacker - SI Capital Limited  -  01483 413500

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