Ecofin Water & Power Opps PLC Net Asset Value(s) (3830T)
July 17 2015 - 6:23AM
UK Regulatory
TIDMECWO
RNS Number : 3830T
Ecofin Water & Power Opps PLC
17 July 2015
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 15 July,
2015, the un-audited Net Asset Values per Ordinary Share and ZDP
Share were:-
Share Class NAV (p) Increase/(Decrease) Absolute Movement
% (p)
(inc undistributed
revenue)
Ordinary Shares 176.27 4.77 8.02
Ordinary Shares
Diluted* 175.48 n/a n/a
ZDP Shares 149.26 0.13 0.19
*The Company's 6% Convertible Unsecured Subordinated Loan Stock
2016 in issue will not necessarily dilute the Ordinary Shares' Net
Asset Value but may do so. Where no dilution of NAV takes place the
value boxes on this line will show "not applicable". A diluted NAV
assumes that the 6% Convertible Unsecured Subordinated Loan Stock
has been converted at the conversion price of 172.6445p.
Fund values (rounded) GBP'000 GBP'000
--------
Total Assets (less cash at bank) 569,817
Cash at Bank 24,949
Total Assets 594,766
Borrowings:
Prime Brokerage 55,781
6% CULS 2016 79,483
ZDP Shares 89,557
--------
224,821
Net Assets (Ordinary Shareholders
Funds) 369,945
Gearing (net debt/net assets) ** 54.0%
----------------------------------- -------- ---------
** Net debt is bank debt, the Convertible Unsecured Subordinated
Loan Stock and the Zero Dividend Preference Shares, less cash at
bank.
Notes:
The total assets of the Company include approximately GBP8.6m in
bonds. Adjusted for this, the total equity exposure of the Company
is 151.7% of net assets.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
17 JULY, 2015
This information is provided by RNS
The company news service from the London Stock Exchange
END
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