Net Asset Value(s)
Updated : 12:21
Majedie Investments PLC
Legal Entity Identifier: 2138007QEY9DYONC2723
11 December 2019
Net Asset Value (NAV)
The unaudited net asset value per share at the close of business on 10 December 2019 was as follows:
With debentures at par value: 288.36 per share
With debentures at fair value: 280.21 per share
The net asset value published is on a cum-income basis and the net asset value is calculated on 53,042,899 ordinary shares, being the number of shares in issue. It also incorporates a valuation change to the Majedie Asset Management Fund investment as detailed in the 30 September 2019 Annual Report & Accounts which was released this morning.
The fair value of March 2025 debenture is calculated by using the yield of UK Treasury Bonds of an equal duration plus a 2.5% risk premium. The Board sees this mechanism as transparent, market related and consistent with best practice.
Enquiries
William Barlow
Majedie Investments PLC
Ph: 020 7382 8185
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