Repayment of Bank Borrowings
December 01 2003 - 11:50AM
UK Regulatory
Exeter Selective Assets Investment Trust PLC
REPAYMENT OF BANK BORROWINGS
The Company has repaid �858,000 of its loan with Bank of Scotland and �642,000
of its loan with Lloyds TSB. Breakage costs incurred in these repayments were �
14,162 to Bank of Scotland and �10,909 to Lloyds TSB. Following these
repayments the Company has total assets (valued at mid-market prices) as at 28
November 2003 of �23.3 million, total borrowings of �15.9 million and net
assets of �7.4 million (26.6p per ordinary share). The indicative breakage
costs on the outstanding loans total �0.3 million.
The Company's assets and liabilities are as follows:
�m
Quoted Investments 23.197
Net Current Assets 0.141
Total Assets 23.338
Total Borrowings 15.916*
*�9.059 million with Bank of Scotland and �6.857 million with Lloyds TSB.
1 December 2003
END