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Majedie Invs.PLC (MAJE)

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Tuesday 17 August, 2021

Majedie Invs.PLC

Quarterly Majedie Asset Management Valuation

RNS Number : 9509I
Majedie Investments PLC
17 August 2021

17 August 2021

LEI: 2138007QEY9DYONC2723

Majedie Investments PLC

Quarterly Majedie Asset Management Valuation

 The Company's holding in Majedie Asset Management has been valued at £24.8m as at 30 June 2021. This is in accordance with the valuation basis announced in 2020 and as in the valuation at 31 March 2021, reflects the notified outflow from St James's Place that did not take place until July 2021. The Company received a dividend, from MAM, of £1.2m in May 2021.





Management fee earnings after tax (last 3 months annualised)



Peer Group PE multiple



Liquidity discount



Peer group multiple after liquidity discount



Management fee value



Performance fee earnings after tax



50% of peer group multiple



50% of peer group PE multiple after liquidity discount



Performance fee value



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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