RenUniv Gwth InTrust Net Asset Value(s)
February 17 2014 - 11:59AM
UK Regulatory
TIDMRUG
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 14
February 2014 was as follows:
Including current period revenue 304.00 pence (US508.62c) (includes revenue
reserve losses up to and including 14 February 2014)
Excluding current period revenue 309.28 pence (US517.46c) (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$1.6731
As at 14 February 2014, the Company holds net cash of GBP14.557m, including
UK treasury gilts of GBP13.342m. The proportion of cash, including UK
treasury gilts, is expected 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 14 February $714,257
2014
Sterling equivalent at exchange rate above: GBP426,906
Time value of unlisted warrants as at 31 December
2013: (adjusted for warrants subsequently acquired,
exercised, expired or disposed) $878
Sterling equivalent at exchange rate above: GBP525
Share price as at 14 February 2014 255.00p
Discount: (16.12%)
17 February 2014
END
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