Net Asset Value(s)
April 04 2011 - 12:19PM
UK Regulatory
TIDMRUG
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 31 March 2011
was:
Including current period revenue 313.94 pence (US 503.23c) (includes revenue
reserve losses up to and including 31 March 2011)
Excluding current period revenue 313.19 pence (US 502.03c) (includes revenue
reserve losses up to and including the year ended 31 March 2010 only)
The exchange rate at which this was calculated was GBP=US$1.60295
Following a review of unquoted valuations at the Company's year end, three
changes were agreed by the Board. These have reduced the NAV by the equivalent
of 2.3 pence per share, and the new valuations are included in today's NAV
release.
The Net Asset Value calculation includes the time value of unlisted warrants in
respect of the portfolio valuation. The Company has adopted the Black Scholes
methodology and will calculate the time value (in US Dollars) of unlisted
warrants every quarter. The warrants included in the portfolio for the twice
weekly NAV calculations will be calculated by valuing the intrinsic value of
the warrants and adding the time value as at the most recently calculated
quarterly valuation.
Intrinsic value of unlisted warrants as at 31 March 2011: $180,000
Sterling equivalent at exchange rate above: GBP112,293
Time value of unlisted warrants as at 31 March 2011: (adjusted $17,549
for warrants subsequently acquired, exercised, expired or
disposed)
Sterling equivalent at exchange rate above: GBP10,948
Share price as at 31 March 2011: 252.00p
Discount: (19.73%)
4 April 2011
END
Renaissance Us Growth Invst (LSE:RUG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Renaissance Us Growth Invst (LSE:RUG)
Historical Stock Chart
From Aug 2023 to Aug 2024