Hadrian's Wall Secured Invs.Ltd Net Asset Value(s) (8708Y)
August 24 2018 - 11:07AM
UK Regulatory
TIDMHWSL TIDMHWSC
RNS Number : 8708Y
Hadrian's Wall Secured Invs.Ltd
24 August 2018
24 August 2018
Hadrian's Wall Secured Investments Limited (the "Company")
Net Asset Values as at 31 July 2018
Ordinary Shares
As at 31 July 2018, the unaudited NAV per ordinary share
(cum-income) was 98.64 pence. This includes the 1.5 pence per
ordinary share dividend announced on 20 July 2018 that went
ex-dividend on 2 August 2018 and will be paid on 24 August 2018.
The unaudited NAV per ordinary share, adjusted for the payment of
this dividend to holders of ordinary shares, is 97.14 pence.
C Shares
The Company announces that the unaudited cum-income net asset
value per C Share as at 31 July 2018 was 97.59 pence.
IFRS 9 Update
The Company has formally adopted IRFS 9 Financial Instruments
with effect from 1 July 2018 and is reporting the July 2018 NAV
under this new accounting standard.
The implementation of IFRS 9 decreases the Ordinary Shares NAV
by approximately 28 bps. The adjustment to the NAV is due to
accounting and will not change the Company's expected future cash
flows.
Note
The net asset values continue to be reported on an effective
interest rate ("EIR") basis excluding certain adjustments which
principally relate to upfront fees received. EIR reconciliations
are provided in the Company's year end and interim financial
statements.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
prospectus published by the Company on 2 May 2017.
Contact Details
Hadrian's Wall Capital (Investment Adviser)
Ron Miao / Mike Schozer Telephone 020 3026 8620
International Fund Management (Investment Manager)
Chris Hickling Telephone 01481 737600
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan Telephone 020 3100 0000
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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