Law Debenture Corp PLC Net Asset Value and Portfolio Update (8233B)
February 04 2020 - 2:01AM
UK Regulatory
TIDMLWDB
RNS Number : 8233B
Law Debenture Corp PLC
04 February 2020
Net Asset Value
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including the fair
value of IPS business* on 31 January 2020 was 687.92 pence per
share (ex income) and 712.52 pence per share (cum income). With the
Corporation's long term debt stated at fair value, the NAV was
651.37 pence per share (ex income) and 675.97 pence per share (cum
income). The mid-market price at the close of business on 31
January 2020 was 614.00 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 31 January 2020 are set out
below.
Top 10 Holdings
The top 10 holdings in the investment portfolio as at 31 January
2020 were:
Name of Holding % of portfolio
Rank (excl. cash)
1. GlaxoSmithKline 3.67
2. Royal Dutch Shell 3.07
3. Ceres Power 2.40
4. Rio Tinto 1.88
5. Relx 1.85
6. Johnson Service 1.80
7. BP 1.79
8. HSBC 1.78
9. National Grid 1.74
10. AstraZeneca 1.63
Geographical Split of investment portfolio
% of portfolio
Region
UK 76
Europe 8
North America 7
Japan 1
Other Pacific 1
Other 1
Cash and Fixed Interest 6
TOTAL 100
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* The fair value of the IPS business is consistent with the most
recent formal valuation at 30 June 2019. The fair value at 31
December 2019 is currently being calculated and will be published
as part of our audited results.
Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Debbie Fish, Company
Secretariat, 020 7696 5940).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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