14 Jul 2008 11:24
THE ZERO PREFERENCE GROWTH TRUST PLC
The Company announces that the bid price Net Asset Values, including current period revenue, at 8 July 2008 were:
per Ordinary unit 76.61p per Growth share 2.38p
per Zero Dividend Preference share 74.23p
Gross assets less current liabilities ‚£11.26m
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 11.260m Less liquidators retention 0.075m Reduced net assets 11.185m
Net Asset Value per Share after deducting liquidators retention of ‚£75,000:
Number of Shares in Issue per Ordinary unit 76.36p 30,000,000 per Growth share 2.13p 14,209,498 per Zero Dividend Preference share 74.23p
Fair value of the debt is not materially different from the par value.
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