RenUniv Gwth InTrust Net Asset Value(s)
September 17 2013 - 4:53AM
UK Regulatory
TIDMRUG
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 13
September 2013 was as follows:
Including current period revenue 322.46 pence (US511.62c) (includes revenue
reserve losses up to and including 13 September 2013)
Excluding current period revenue 325.67 pence (US516.71c) (includes revenue
reserve losses up to and including the year ended 31 March 2013)
The exchange rate at which this was calculated was GBP=US$1.5866
As at 13 September 2013, the Company holds net cash of GBP6.800m, and expects
the proportion to rise following the adoption of the new investment policy
and objective approved by shareholders on 17 April 2013.
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 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 13 $2,921,062
September 2013
Sterling equivalent at exchange rate above: GBP1,841,083
Time value of unlisted warrants as at 28 June 2013:
(adjusted for warrants subsequently acquired,
exercised, expired or disposed) $638
Sterling equivalent at exchange rate above: GBP402
Share price as at 13 September 2013 235.50p
Discount: (26.97%)
17 September 2013
END
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