Chrysalis Investments Limited Interim NAV Announcement (3386I)
April 14 2022 - 2:11AM
UK Regulatory
TIDMCHRY
RNS Number : 3386I
Chrysalis Investments Limited
14 April 2022
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is not for publication, release or distribution in the United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 to professional investors in Belgium, Denmark, the
Republic of Ireland, Luxembourg, the Netherlands, Norway and
Sweden), Canada, Australia, Japan or the Republic of South
Africa.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 which forms part of
domestic law in the United Kingdom pursuant to The European Union
Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU
Exit) Regulations 2019.
14 April 2022
Chrysalis Investments Limited (the "Company")
Interim NAV Announcement
In view of market movements and volatility since the 31(st)
December 2021, the Board considered it appropriate to release an
unaudited interim Net Asset Value (the "Interim NAV"). This
decision was influenced by the current extraordinary geopolitical
events, which have exacerbated recent macroeconomic uncertainty,
and have led to some instances of material share price fluctuations
of relevant listed peers to the Company's portfolio assets.
To this end, the Company commissioned an independent third party
to value, as at 21 March 2022, 6 assets (representing together with
cash and listed assets approximately 67% of the Company's gross
portfolio value at 31(st) December 2021). The remaining 33% of the
Company's assets have been revalued using a valuation methodology
comparable to that applied at 31 December 2021.
The Interim NAV is intended for guidance purposes only and the
Company will issue its formal NAV calculation as of 31 March 2022
in due course, in line with its normal business practices.
The Company announces that as of 21 March 2022, the Interim NAV
per ordinary share was approximately 208 pence, which represents an
approximate 13% decrease since 31 December 2021.
The above Interim NAV calculation is based upon the Company's
issued share capital as of 21 March 2022 of 595,150,415 shares.
Within the Interim NAV, the listed portion of the portfolio
accounts for approximately 7% of gross portfolio value, with cash
accounting for approximately a further 6%.
-ENDS-
For further information, please
contact:
Jupiter Asset Management:
James Simpson +44 (0) 20 3817 1696
Liberum:
Chris Clarke /Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis Securities Limited:
Nathan Brown / Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
Media Enquiries:
Montfort Communications +44 (0) 20 3514 0897
Charlotte McMullen Chrysalis@montfort.london
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at http://chrysalisinvestments.co.uk . 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 Rules of the Financial Conduct
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