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RNS Number : 2116L

Starvest PLC

02 July 2014

Wednesday 2 July 2014

Starvest Plc ("Starvest" or "the Company")

Net asset value update at 30 June 2014

The Company announces the net asset values as at the close of business on 30 June 2014 as follows:

 
                             30 June     31 March   31 December   30 September 
                                2014         2014          2013           2013 
 Trading portfolio          GBP3.29m     GBP3.53m      GBP1.95m       GBP2.52m 
  value 
 Company net asset          GBP3.59m     GBP3.90m      GBP2.36m       GBP2.73m 
  value 
 Net asset value per      9.68 pence   10.5 pence    6.35 pence     7.44 pence 
  share 
 Share price - mid        5.50 pence   6.25 pence    3.88 pence     5.62 pence 
 Share price discount 
  to net asset value             43%          40%           39%            24% 
 Market capitalisation      GBP2.04m     GBP2.32m      GBP1.44m       GBP2.09m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2013 annual report. The discounts applied to bid prices at 30 June 2014 totalled GBP718,148 (31 March 2014: GBP734,824)

Whilst the Company's portfolio has shown an increase of over 50% in net asset value during 2014, it is showing a small loss against the values at 31 March 2014 when the interim statement was published.

As a number of our investee companies have made significant announcements in the recent past, we plan to upgrade the website, www.starvest.co.uk, as soon as possible.

 
 R Bruce Rowan 
  Chairman & Chief Executive 
  2 July 2014

Enquiries to:

Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 07768 512404; john@starvest.co.uk

Colin Aaronson or Ed Thomas - Grant Thornton UK LLP 020 7383 5100.

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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