Merian Chrysalis Investment Co. Ltd Portfolio Update (4093T)
July 20 2020 - 2:00AM
UK Regulatory
TIDMMERI
RNS Number : 4093T
Merian Chrysalis Investment Co. Ltd
20 July 2020
For immediate release
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is not for publication, release or distribution in the United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 professional investors in the Republic of Ireland),
Canada, Australia, Japan or the Republic of South Africa.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Merian Chrysalis Investment Company Limited
20 July 2020
Merian Chrysalis Investment Company Limited (the "Company")
Portfolio Update
As announced on 27 May 2020, the Company's net asset value
("NAV") per ordinary share was 108.65p as of 31 March 2020.
Today, the Company announces that it has entered into a
transaction to partially realise one of its investments in the
portfolio; this realisation is expected to raise approximately
GBP20m.
This transaction has been undertaken at a valuation that
represents a material mark up in the Company's current carrying
value of the asset. It is anticipated that, based on the
information held by the Company as at today's date, it will lead to
a gross increase in the NAV per ordinary share of approximately 9p
as compared to the Company's last reported NAV per ordinary share
(calculated on the assumption that the achieved sale price is
applied to revalue the Company's remaining holding of the
asset).
The details of this transaction currently remain confidential; a
further update will be made by the Company in due course.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
-ENDS-
For further information, please contact:
Merian Global Investors:
Amelie Shepherd +44 (0) 20 3817 1686
Liberum:
Gillian Martin / Owen Matthews +44 (0) 20 3100 2000
---------------------
Maitland Administration (Guernsey)
Limited:
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/. 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 announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, business strategy, plans and
objectives of management for future operations (including
development plans and objectives relating to the Company's products
and services) are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and operational performance may differ materially from the
results and performance expressed in, or implied by, the
statements. These factors include but are not limited to those
described in the formal Prospectus. These forward-looking
statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update
or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Listing Rules or Prospectus Regulation Rules of the Financial
Conduct Authority or other applicable laws, regulations or
rules.
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
PFUBIGDRBXBDGGR
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