SLF Realisation Fund Ltd - Guernsey-based investment fund - Says that an unnamed French glass manufacturer it invests in was impacted by floods in northern France in November and January. SSLF says that damage caused would delay payments to the company in the near term. It is working with the borrower towards as restructuring of its existing loan, and has extended the maturity date to 2025. SLF says that it is still pursuing full repayment, and will provide an update alongside its half-year results for the period ended December 31, expected to be published before the end of March.
As a result of this, SLF says it anticipates a reduction in the asset's holding value, which will be reflected in the company's net asset value as at December 31. SLF is currently reviewing the results of the half-year, but expects the asset's depreciation to result in a roughly GBP4 million adjustment.
Current stock price: 2.08 pence per share, down 15% in London on Friday afternoon.
12-month change: down 69%
By Hugh Cameron, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Slf Realisation (SLFR)