Net Asset Value(s)
April 01 2009 - 6:06AM
UK Regulatory
TIDMUSPI
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC
ESTIMATED NET ASSET VALUE CALCULATION AS AT
27 March 2009
UK GAAP
GBP million %
Investments 13.98 95.34
Cash 0.78 5.30
14.76 100.64
Other net current assets/(liabilities) 0.60 4.12
Loan value USD revolving credit facility -0.70 -4.76
Net Assets (including estimated 14.66 100.00
revenue reserves at 27
March 2009 of GBP0.23m)
Number of shares
in issue
Net Asset Value per Capital - 50,000,000
share:
Income 56.65p 25,210,008
ZDP 182.61p 206,037
US$
USD exchange rate used to revalue all US assets and 1.43235
liabilities
In accordance with AIC guidelines the net asset value calculations include
estimated current period revenue.
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 dollars) of unlisted warrants
every month. 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
recent monthly valuation.
Intrinsic value of unlisted warrants at 27 March 2009: $27,500
Sterling equivalent at exchange rate above: GBP0.02m
Time value of unlisted warrants as at 28 February 2009: $738,095
(adjusted for warrants subsequently acquired, exercised or
disposed)
Sterling equivalent at exchange rate above: GBP0.52m
Allied Irish Bank loan
The Company announces that on 31 March 2009 it repaid $500,000 of its
$1,000,000 loan with the Allied Irish Bank.
END
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