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Majedie Invs.PLC (MAJE)

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Friday 05 February, 2021

Majedie Invs.PLC

Quarterly Majedie Asset Management Valuation

RNS Number : 1967O
Majedie Investments PLC
05 February 2021

05 February 2021

LEI: 2138007QEY9DYONC2723

Majedie Investments PLC

Quarterly Majedie Asset Management Valuation

In accordance with the revised valuation basis, the Company's holding in Majedie Asset Management has been valued at £32.6m as at 31 December 2020. This is an increase of 5% from the valuation at 30 September 2020.  On a total return basis, including the dividend received from MAM in December 2020, the return is 15%. The methodology is comprised as follows:





Earnings after tax (last 3 months annualised)



Peer Group PE multiple



Liquidity discount



Peer group multiple after liquidity discount



Performance fee earnings after tax



50% of peer group multiple



50% of peer group PE multiple after liquidity discount



Surplus net assets having deducted 200% of Regulatory Capital



Valuation of MAM



Valuation of the Company's 17.2% holding in MAM





If you have any enquiries regarding this announcement, please contact Mr William Barlow on 020 7382 8185.


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