Law Debenture Corp PLC Net Asset Value (7443I)

TIDMLWDB

RNS Number : 7443I

Law Debenture Corp PLC

01 September 2016

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including fair value of IFS businesses on 31 August 2016 was 580.03 pence per share (ex income) and 587.33 pence per share (cum income), which excludes the proposed 2016 interim dividend of 5.20p. With the Corporation's long term debt stated at fair value, the NAV was 543.84 pence per share (ex income) and 551.13 pence per share (cum income). The mid-market price at the close of business on 31 August 2016 was 490.00 pence per share. The interim dividend will be paid on 9 September 2016 to holders on the register at the record date of 12 August 2016.

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 2016 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 August 2016 were:

 
           Name of Holding           % of portfolio 
   Rank                                      (excl. 
                                              cash) 
 1.       Royal Dutch Shell                    2.94 
 2.       HSBC                                 2.22 
 3.       Baillie Gifford Pacific              2.17 
 4.       Stewart Investors Pacifc             2.13 
 5.       GKN                                  2.13 
 6.       BP                                   2.07 
 7.       Senior                               2.05 
 8.       GlaxoSmithKline                      1.86 
 9.       Rio Tinto                            1.83 
 10.      Hill & Smith                         1.82

Geographical Split of investment portfolio

 
                            % of portfolio 
   Region 
 UK                                     63 
 Europe                                  7 
 North America                          11 
 Japan                                   2 
 Other Pacific                           5 
 Other                                   1 
 Cash and Fixed Interest                11 
 
 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, 2016 10:51 ET (14:51 GMT)

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