Ecofin Water & Power Opps PLC Net Asset Value(s) (0910H)

TIDMECWO

RNS Number : 0910H

Ecofin Water & Power Opps PLC

12 August 2016

ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")

The Company announces that at the close of business on 10 August 2016, the un-audited Net Asset Value per Ordinary Share was:-

 
 Share Class                    NAV (p)   Increase/(Decrease)   Absolute Movement 
                                                            %                 (p) 
                     (inc undistributed 
                               revenue) 
 Ordinary Shares                 163.58                  1.89                3.03

All outstanding CULS were redeemed by the Company on 31 July, 2016 and as such there is no diluted NAV calculation. The CULS were redeemed at their nominal value, together with interest accrued up to the date of final repayment.

The ZDP Shares matured on 31 July, 2016 with holders entitled to a repayment of 160.70p per Share.

 
 Fund values (rounded)                GBP'000   GBP'000 
                                     -------- 
 Total Assets (less cash at bank)               289,095 
 
 Cash at Bank                                    55,080 
 
 Total Assets                                   344,175 
 
 Borrowings: 
 Prime Brokerage                          834 
                                     -------- 
                                                    834 
 
 Net Assets (Ordinary Shareholders 
  Funds)                                        343,341 
 
 Net cash (net cash/net assets) *                 15.8% 
-----------------------------------  --------  --------

*Net cash is bank debt, less cash at bank, including brokers net outstanding balances.

Notes:

The total assets of the Company include approximately GBP5.4m in bonds. Adjusted for this, the total equity exposure of the Company is 82.6% of net assets.

The NAV has been prepared on a "break-up" or realisable value basis following the approval of the Continuation Vote by Shareholders on 24 June, 2016. Details of the accounting adjustments and the accrual of liquidation costs are detailed in the 31 March, 2016 interim accounts announced on 30 June, 2016.

BNP Paribas Secretarial Services Limited

Company Secretary

Tel: 020 7410 5971

12 August, 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 12, 2016 08:51 ET (12:51 GMT)

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