Law Debenture Corp PLC Net Asset Value (4269O)

TIDMLWDB

RNS Number : 4269O

Law Debenture Corp PLC

02 October 2019

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 business on 30 September 2019 was 672.16 pence per share (ex income) and 689.19 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 638.19 pence per share (ex income) and 655.23 pence per share (cum income). The mid-market price at the close of business on 30 September 2019 was 590.00 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 2019 are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 30 September 2019 were:

 
           Name of Holding    % of portfolio 
   Rank                         (excl. cash) 
 1.       Royal Dutch Shell             3.93 
 2.       GlaxoSmithKline               3.44 
 3.       BP                            2.17 
 4.       HSBC                          2.16 
 5.       Rio Tinto                     2.07 
 6.       Johnson Service               1.95 
 7.       Relx                          1.90 
 8.       Prudential                    1.81 
 9.       Rolls Royce                   1.72 
 10.      AstraZeneca                   1.71

Geographical Split of investment portfolio

 
                            % of portfolio 
   Region 
 UK                                     72 
 Europe                                  8 
 North America                           7 
 Japan                                   1 
 Other Pacific                           1 
 Other                                   1 
 Cash and Fixed Interest                10 
 
 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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