Law Debenture Corp PLC Net Asset Value and Portfolio Update (7593X)

TIDMLWDB

RNS Number : 7593X

Law Debenture Corp PLC

01 September 2015

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par on 31 August 2015 was 464.95 pence per share (ex income) and 472.90 pence per share (cum income), which excludes the proposed 2015 interim dividend of 5.20p. With the Corporation's long term debt stated at fair value, the NAV was 456.62 pence per share (ex income) and 464.57 pence per share (cum income). The mid-market price at the close of business on 31 August 2015 was 482.25 pence per share. The interim dividend will be paid on 11 September 2015 to holders on the register at the record date of 14 August 2015.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 31 August 2015 are set out below

Top 10 Holdings

The top 10 holdings in the portfolio as at 31 August 2015 were:

 
           Name of Holding                 % of portfolio 
   Rank                                      (excl. cash) 
 1.       Henderson Japan Capital Growth             2.89 
 2.       Senior                                     2.80 
 3.       GKN                                        2.25 
 4.       Amlin                                      2.15 
 5.       BP                                         2.15 
 6.       IP Group                                   2.09 
          Henderson Asia Pacific Capital 
 7.        Growth                                    2.06 
 8.       Baillie Gifford Pacific                    1.90 
 9.       First State Asia Pacifc                    1.89 
 10.      Smith (DS)                                 1.86

Geographical Split

 
                            % of portfolio 
   Region 
 UK                                     69 
 Europe                                  6 
 North America                           8 
 Japan                                   4 
 Other Pacific                           6 
 Other                                   1 
 Cash and Fixed Interest                 6 
 
 TOTAL                                 100 
                           ---------------

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

This information is provided by RNS

The company news service from the London Stock Exchange

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September 01, 2015 11:39 ET (15:39 GMT)

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