Ecofin Water & Power Opps PLC Net Asset Value(s) (7869A)
June 09 2016 - 10:22AM
UK Regulatory
TIDMECWO
RNS Number : 7869A
Ecofin Water & Power Opps PLC
09 June 2016
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 08 June,
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 156.58 4.21 6.32
Ordinary Shares
Diluted* n/a n/a n/a
ZDP Shares 158.94 0.13 0.21
*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) 441,512
Cash at Bank 75,143
Total Assets 516,655
Borrowings:
Prime Brokerage 13,001
6% CULS 2016 79,645
ZDP Shares 95,361
--------
188,007
Net Assets (Ordinary Shareholders
Funds) 328,648
Gearing (net debt/net assets) ** 34.3%
----------------------------------- -------- --------
** Net debt 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 GBP4.9m in
bonds. Adjusted for this, the total equity exposure of the Company
is 132.9% of net assets.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
09 JUNE, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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