TIDMSVE

RNS Number : 5082I

Starvest PLC

09 December 2015

Wednesday 9 December 2015

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

Net asset value update at 8 December 2015

In advance of the Company's annual general meeting to be held on Thursday 10 December, the Company announces the net asset value as at the close of business on 8 December 2015 as follows:

 
                          8 December   30 September   30 December   31 December 
                                2015           2015          2014          2013 
 Trading portfolio          GBP1.13m       GBP1.04m      GBP1.60m      GBP1.95m 
  value 
 Company net asset          GBP1.15m       GBP1.14m      GBP1.80m      GBP2.36m 
  value 
 Net asset value                3.09           3.09          4.85          6.35 
  per share                    pence          pence         pence         pence 
 Share price -                  2.50           2.75          4.38          3.88 
  mid                          pence          pence         pence         pence 
 Share price discount 
  to net asset 
  value                          19%            11%           10%           39% 
 Market capitalisation      GBP0.93m       GBP1.02m      GBP1.62m      GBP1.44m

All valuations are based on the closing market bid prices or, if lower, directors' valuation as described in the 2014 annual report. The discounts applied to bid prices at 8 December 2015 totalled GBP243,892 (30 September 2015: GBP241,750).

The Company's website, www.starvest.co.uk, has further details of the portfolio.

Disclosures for the Annual General Meeting 10 December 2015

In accordance with the Disclosure and Transparency Rules, the Company advises that for the purpose of the Annual General Meeting today, the Chairman, Callum Newton Baxter, will hold discretionary proxies for each resolution. Therefore, the Chairman's total interest to be disclosed is as follows:

 
 Resolution    For          Against 
 Resolution    12,002,552   Nil 
  1 
 Resolution 
  2            12,002,552   24,000 
 Resolution 
  3            12,017,552   24,000 
 Resolution 
  4            12,017,552   24,000 
 Resolution    11,986,838   Nil 
  5 
 Resolution    11,986,838   Nil 
  6

At the conclusion of the meeting, the Chairman's interest will revert to zero.

 
 Callum N Baxter 
  Chairman & Chief Executive 
  9 December 2015

Enquiries to:

Callum Baxter, Chairman callum@starvest.co.uk or John Watkins, Finance Director 07768 512404; john@starvest.co.uk

Colin Aaronson or Harrison Clarke - 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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December 09, 2015 05:51 ET (10:51 GMT)

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