Ecofin Water & Power Opps PLC Net Asset Value(s) (0266W)
August 13 2015 - 10:48AM
UK Regulatory
TIDMECWO
RNS Number : 0266W
Ecofin Water & Power Opps PLC
13 August 2015
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 12
August, 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 165.37 -2.50 -4.24
Ordinary Shares
Diluted* n/a n/a n/a
ZDP Shares 150.04 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) 517,286
Cash at Bank 48,312
Total Assets 565,598
Borrowings:
Prime Brokerage 49,015
6% CULS 2016 79,483
ZDP Shares 90,025
--------
218,523
Net Assets (Ordinary Shareholders
Funds) 347,075
Gearing (net debt/net assets) ** 49.0%
----------------------------------- -------- ---------
** 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 GBP8.1m in
bonds. Adjusted for this, the total equity exposure of the Company
is 146.7% of net assets.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
13 AUGUST, 2015
This information is provided by RNS
The company news service from the London Stock Exchange
END
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