Law Debenture Corp PLC Net Asset Value and Portfolio Update (5957C)

TIDMLWDB

RNS Number : 5957C

Law Debenture Corp PLC

02 October 2018

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 IPS businesses on 30 September 2018 was 687.44 pence per share (ex income) and 697.25 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 671.96 pence per share (ex income) and 681.78 pence per share (cum income). The mid-market price at the close of business on 30 September 2018 was 610.00 pence per share.

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 30 September 2018 are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 30 September 2018 were:

 
           Name of Holding            % of portfolio 
   Rank                                 (excl. cash) 
 1.       Royal Dutch Shell                     4.51 
 2.       BP                                    2.53 
 3.       Senior                                2.41 
 4.       GlaxoSmithKline                       2.37 
 5.       HSBC                                  2.37 
 6.       Stewart Investors Pacific             2.28 
 7.       Rolls Royce                           2.19 
 8.       Rio Tinto                             1.95 
 9.       Smith (DS)                            1.81 
 10.      Microsoft (USA)                       1.76

Geographical Split of investment portfolio

 
                            % of portfolio 
   Region 
 UK                                     64 
 Europe                                  8 
 North America                           9 
 Japan                                   1 
 Other Pacific                           4 
 Other                                   1 
 Cash and Fixed Interest                13 
 
 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).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

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