Ecofin Water & Power Opps PLC Net Asset Value(s) (9527T)

TIDMECWO

RNS Number : 9527T

Ecofin Water & Power Opps PLC

23 July 2015

ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")

The Company announces that at the close of business on 22 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                 174.28                 -1.13               -1.99 
 Ordinary Shares 
  Diluted*                       173.85                 -0.93               -1.63 
 
 
   ZDP Shares                    149.46                  0.13                0.20

*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)                563,036 
 
 Cash at Bank                                     27,280 
 
 Total Assets                                    590,316 
 
 Borrowings: 
 Prime Brokerage                       55,376 
 6% CULS 2016                          79,483 
 ZDP Shares                            89,674 
                                     -------- 
                                                 224,533 
 
 Net Assets (Ordinary Shareholders 
  Funds)                                         365,783 
 
 Gearing (net debt/net assets) **                  53.9% 
-----------------------------------  --------  ---------

** 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 GBP8.3m 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

23 JULY, 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

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