Net Asset Value(s)
November 24 2011 - 11:44AM
UK Regulatory
TIDMRUG
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at
23 November 2011 was:
Including current period revenue 245.58 pence (US 381.03c) (includes revenue
reserve losses up to and including 23 November 2011)
Excluding current period revenue 252.69 pence (US 392.06c) (includes revenue
reserve losses up to and including the year ended 31 March 2011)
The exchange rate at which this was calculated was GBP=US$1.55155
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 23 November 2011: $595,001
Sterling equivalent at exchange rate above: GBP383,488
Time value of unlisted warrants as at 30 September 2011: $10,870
(adjusted for warrants subsequently acquired, exercised,
expired or disposed)
Sterling equivalent at exchange rate above: GBP7,006
Share price as at 23 November 2011: 164.00p
Discount: (33.22%)
24 November 2011
Write Down of Investment
On 17 November 2011 Healthzone Limited went into receivership. As a result the
Board have considered the valuation and as a precautionary measure have taken
the decision to write down the value of Healthzone Limited from $1,866,000 to
$780,000 with effect from 23 November 2011. This will have the effect of
reducing the NAV by 1.55 per cent.
END
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