Ecofin Water & Power Opps PLC Net Asset Value(s) (5961D)
07 Juli 2016 - 4:54PM
UK Regulatory
TIDMECWO
RNS Number : 5961D
Ecofin Water & Power Opps PLC
07 July 2016
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 6 July,
2016, the un-audited Net Asset Values per Ordinary Share and ZDP
Share were:-
Share Class NAV (p) Increase/(Decrease) Absolute Movement
% (p)
(inc undistributed
revenue)
Ordinary Shares 169.46 3.99 6.50
Ordinary Shares
Diluted* n/a n/a n/a
ZDP Shares 160.70 0.00 0.00
*The Company's 6% Convertible Unsecured Subordinated Loan Stock
2016 in issue will not necessarily dilute the Ordinary Shares' Net
Asset Value but may do so. Where no dilution of NAV takes place the
value boxes on this line will show "not applicable". A diluted NAV
assumes that the 6% Convertible Unsecured Subordinated Loan Stock
has been converted at the conversion price of 172.6445p.
Fund values (rounded) GBP'000 GBP'000
--------
Total Assets (less cash at bank) 344,436
Cash at Bank 199,801
Total Assets 544,237
Borrowings:
Prime Brokerage 12,335
6% CULS 2016 79,801
ZDP Shares 96,420
--------
188,556
Net Assets (Ordinary Shareholders
Funds) 355,681
Net cash (net cash/net assets) ** 3.2%
----------------------------------- -------- --------
** Net cash is bank debt, the Convertible Unsecured Subordinated
Loan Stock and the Zero Dividend Preference Shares, less cash at
bank, including brokers net outstanding balances.
Notes:
The total assets of the Company include approximately GBP5.6m in
bonds. Adjusted for this, the total equity exposure of the Company
is 95.3% of net assets.
The NAV has been prepared on a "break-up" or realisable value
basis following the approval of the Continuation Vote by
Shareholders on 24 June, 2016. Details of the accounting
adjustments and the accrual of liquidation costs are detailed in
the 31 March, 2016 interim accounts announced on 30 June, 2016.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
7 JULY, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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