28 Aug 2019 07:00
28 August 2019
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Net Asset Value
CIP Merchant Capital announces that as at 23 August 2019 the unaudited net asset value ("NAV") per ordinary share was 88.58 pence.
The above NAV calculation is based on the Company's issued share capital of 55,000,000 ordinary shares of no par value.
The Board have decided to amend the valuation methodology applied to the Coro 5% Euro Bond to a discounted cash flow methodology, as opposed to a mark-to-market valuation, due to the very limited trading in the bonds. It is noted that, had a mark-to-market valuation been applied, the Company's NAV would have been 89.50 pence.
For further information, please contact:
Merchant Capital Manager Limited (Investment Manager) Marco Fumagalli Carlo Sgarbi
| +41 91 225 25 60 |
Strand Hanson Limited (Nominated Adviser and Broker) Richard Tulloch / James Bellman | +44 20 7409 3494 |