Merian Chrysalis Investment Co. Ltd Net Asset Value(s) (6800A)
May 31 2019 - 2:00AM
UK Regulatory
TIDMMERI
RNS Number : 6800A
Merian Chrysalis Investment Co. Ltd
31 May 2019
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than the United Kingdom and the Republic of Ireland),
Canada, Australia, Japan or the Republic of South Africa.
Merian Chrysalis Investment Company Limited
31 May 2019
Merian Chrysalis Investment Company Limited (the "Company")
NAV Announcement
Net Asset Value
The Company announces that as at 31 March 2019 the unaudited net
asset value ("NAV") per ordinary share was 108.41 pence.
The above NAV calculation is based on the Company's issued share
capital as at 31 March 2019 of 100,000,000 ordinary shares of no
par value.
The Company previously announced that it was aware of pricing
information attributable to an expected transaction by one of its
portfolio investments which represented a material increase in the
value previously assigned to that investment. The Company can now
confirm that the portfolio investment referred to was TransferWise
and the 31 March 2019 NAV reflects its upward revaluation.
In addition, the Company confirms that its investment in
Starling Bank completed on 10 April 2019 and is therefore post the
period end for the purposes of calculating the NAV.
Pipeline
Following completion of a successful Placing under the Company's
Placing Programme in April 2019, in which the Company raised gross
proceeds of GBP100 million, the management team continues to pursue
a strong pipeline of investment opportunities across a range of
sectors.
Richard Watts, co-fund manager commented:
"Awareness of the growth potential of private companies
continues to resonate with investors; however, with opportunities
to access this market still limited, demand for the Merian
Chrysalis proposition has continued to swell. We are thrilled by
the response to our recent Placing, and with an exciting pipeline
of attractive investment opportunities, we look forward to
expeditiously deploying the proceeds."
-Ends-
For further information, please
contact:
Merian Global Investors:
Amelie Shepherd +44 (0) 20 7332 7500
Liberum:
Gillian Martin / Owen Matthews +44 (0) 20 3100 2000
Maitland Administration (Guernsey)
Limited:
Aimee Gontier / Elaine Smeja +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at https://www.merian.com/chrysalis/.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the
Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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