Net Asset Value(s) (5570C)

TIDMGRMP

RNS Number : 5570C

Grampian Investment Trust Plc

02 May 2012

   To:                   RNS 
   From:              Grampian Investment Trust plc 
   Date:               2 May 2012

Net Asset Values

Grampian Investment Trust plc announces the unaudited net asset value per share ("NAV") of the Company as at the close of business on 27 April 2012. Unless otherwise disclosed, the NAV has been calculated in accordance with the recommendations of the Association of Investment Companies. In particular, financial assets have been valued on a fair value basis using bid price, or, if more appropriate, a last trade basis.

As at 27 April 2012, the NAV (including income and after provision for a deferred tax liability to corporation tax on unrealised capital gains) was 426.96 pence per share.

However, it should be noted that this includes a provision for a deferred liability to corporation tax on unrealised capital gains. The Company is in the course of applying to become an investment trust within the meaning of the Corporation Tax Act 2010 and, by becoming an investment trust, the Company would become exempt from paying corporation tax on its realised capital gains.

Therefore, disregarding the deferred liability to corporation tax on unrealised capital gains, the NAV as at 27 April 2012 would have been 489.40 pence per share (including income).

Steven Cowie

Company Secretary

Enquiries: 0131 538 6604

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVUGUMPAUPPURP

Grampian (LSE:GRMP)
Historical Stock Chart
From May 2024 to Jun 2024