29 March 2017
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 24 March 2017
In advance of the Annual General Meeting to be held on 30 March 2017, the Company announces the net asset value as at the close of business on 24 March 2017 as follows:
|
|
24 March 2017 |
30 September 2016 |
31 March 2016 |
|
Trading portfolio value |
£1.35m |
£1.37m |
£1.04m |
|
Company net asset value |
£1.3m |
£1.27m |
£1.07m |
|
Net asset value per share |
2.98 pence |
3.21 pence |
2.83 pence |
|
Share price - mid |
3.00 pence |
2.25 pence |
1.25 pence |
|
Share price discount to net asset value |
16% |
31% |
56% |
|
Market capitalisation |
£1.09m |
£0.87m |
£0.47m |
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2016 annual report. The discounts applied to bid prices at 24 March 2017 totalled £134,103.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
|
Callum N Baxter Chairman & Chief Executive 29 March 2017 |
|
Enquiries to:
Callum Baxter, Chairman cbaxter@starvest.co.uk or John Watkins, Finance Director 07768 512 404; jwatkins@starvest.co.uk
Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP - 020 7383 5100.
Nick Emerson or Andy Thacker - SI Capital Limited - 01483 413500
END