25 Jul 2008 15:10
THE ZERO PREFERENCE GROWTH TRUST PLC
The Company announces that the bid price Net Asset Values, including current period revenue, at 22 July 2008 were:
Investments (Bid) ‚£ % Zeros 0.55m 4.94 Ordinary shares 0.41m 3.75 UK Gilts 5.52m 49.61 Bonds 0.74m 6.64 Liquidity Funds 3.35m 30.13 Cash 0.65m 5.82 Other Net Current Assets / -0.10m -0.89(liabilities)
Total Assets (including unaudited 11.12m 100 revenue reserves at 22 July 2008 of ‚£
-9.51m
The Net Assets - Bid (including funds attributable to ZDP shares)
(Including unaudited revenue reserves ‚£11.12mat 22 July 2008 of ‚£-9.51m) Net Asset Value per Share: Number of Shares in Issue per Ordinary unit 76.29p per Growth share 1.73p 30,000,000
per Zero Dividend Preference share 74.56p 14,209,498
This net asset value includes a provision for liquidation costs of ‚£92,500 as detailed in the circular and a debtor for VAT recoverable on investment management fees of ‚£23,500.
Net assets 11.115m Less liquidators retention 0.075m Reduced net assets 11.040m
Net Asset Value per Share after deducting liquidators retention of ‚£75,000:
Number of Shares in Issue per Ordinary unit 76.04p per Growth share 1.48p 30,000,000 per Zero Dividend Preference share 74.56p 14,209,498
vendor