9 Dec 2015 10:51
Wednesday 9 December 2015
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 8 December 2015
In advance of the Company's annual general meeting to be held on Thursday 10 December, the Company announces the net asset value as at the close of business on 8 December 2015 as follows:
8 December 2015 | 30 September 2015 | 30 December 2014 | 31 December 2013 | |
Trading portfolio value | £1.13m | £1.04m | £1.60m | £1.95m |
Company net asset value | £1.15m | £1.14m | £1.80m | £2.36m |
Net asset value per share | 3.09 pence | 3.09 pence | 4.85 pence | 6.35 pence |
Share price - mid | 2.50 pence | 2.75 pence | 4.38 pence | 3.88 pence |
Share price discount to net asset value | 19% | 11% | 10% | 39% |
Market capitalisation | £0.93m | £1.02m | £1.62m | £1.44m |
All valuations are based on the closing market bid prices or, if lower, directors' valuation as described in the 2014 annual report. The discounts applied to bid prices at 8 December 2015 totalled £243,892 (30 September 2015: £241,750).
The Company's website, www.starvest.co.uk, has further details of the portfolio.
Disclosures for the Annual General Meeting 10 December 2015
In accordance with the Disclosure and Transparency Rules, the Company advises that for the purpose of the Annual General Meeting today, the Chairman, Callum Newton Baxter, will hold discretionary proxies for each resolution. Therefore, the Chairman's total interest to be disclosed is as follows:
Resolution | For | Against |
Resolution 1 | 12,002,552 | Nil |
Resolution 2 | 12,002,552 | 24,000 |
Resolution 3 | 12,017,552 | 24,000 |
Resolution 4 | 12,017,552 | 24,000 |
Resolution 5 | 11,986,838 | Nil |
Resolution 6 | 11,986,838 | Nil |
At the conclusion of the meeting, the Chairman's interest will revert to zero.
Callum N Baxter Chairman & Chief Executive 9 December 2015 |
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Enquiries to:
Callum Baxter, Chairman callum@starvest.co.uk or John Watkins, Finance Director 07768 512404; john@starvest.co.uk
Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP 020 7383 5100.
END