17 Apr 2019 12:30
MINERAL AND FINANCIAL INVESTMENTS LIMITED
Correction: Quarterly Net Asset Value
NET ASSET VALUE
It has come to the Company's attention that the calculations for the quarterly Net Asset Value per share quoted in previous announcements, and more particularly the announcements dated 27 March 2019, 1 November 2018 and 31 July 2018, were not expressed clearly.
Accordingly, the Company sets out its calculations for both the basic and fully diluted Net Asset Value per share, below.
These calculations will also be incorporated in the Company's quarterly Net Asset Value update going forward.
2016 |
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| Mar. 31 2016 | Jun. 30 2016 | Sep. 30 2016 | Dec. 31 2016* |
NET ASSET VALUE (NAV) | £912,938 | £1,048,857 | £1,558,156 | £1,494,360 |
Cost of Exercising Options | £39,450 | £39,450 | £39,450 | £39,450 |
Total NAV | £952,388 | £1,088,307 | £1,597,606 | £1,533,810 |
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Number of shares in issue | 14,034,562 | 14,034,562 | 24,034,562 | 24,034,562 |
Unexercised options | 500,000 | 500,000 | 500,000 | 500,000 |
| 14,534,562 | 14,534,562 | 24,534,562 | 24,534,562 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 6.50p | 7.47p | 6.48p | 6.22p |
Fully diluted NAVPS | 6.55p | 7.49p | 6.51p | 6.25p |
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2017 |
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| Mar. 31 2017 | Jun. 30 2017 | Sep. 30 2017 | Dec. 31 2017 |
NET ASSET VALUE (NAV) | £2,509,774 | £2,443,373 | £2,387,321 | £2,602,816 |
Cost of Exercising Options | £84,450 | £84,450 | £84,450 | £61,604 |
Total NAV | £2,594,224 | £2,527,823 | £2,471,771 | £2,664,420 |
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Number of shares in issue | 34,742,895 | 34,742,895 | 34,742,895 | 35,037,895 |
Unexercised options | 1,100,000 | 1,100,000 | 1,100,000 | 805,000 |
| 35,842,895 | 35,842,895 | 35,842,895 | 35,842,895 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 7.22p | 7.03p | 6.87p | 7.43p |
Fully diluted NAVPS | 7.24p | 7.05p | 6.90p | 7.43p |
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2018 |
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| Mar. 31 2018 | Jun. 30 2018* | Sep. 30 2018 | Dec. 31 2018 |
NET ASSET VALUE (NAV) | £2,536,875 | £2,623,134 | £2,358,580 | £4,392,940 |
Cost of Exercising Options | £61,604 | £61,604 | £61,604 | £61,604 |
Total NAV | £2,598,479 | £2,684,738 | £2,420,184 | £4,454,544 |
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Number of shares in issue | 35,037,895 | 35,037,895 | 35,037,895 | 35,037,895 |
Unexercised options | 805,000 | 805,000 | 805,000 | 805,000 |
| 35,842,895 | 35,842,895 | 35,842,895 | 35,842,895 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 7.24p | 7.49p | 6.73p | 12.54p |
Fully diluted NAVPS | 7.25p | 7.49p | 6.75p | 12.43p |
*indicates audited numbers.
FOR MORE INFORMATION:
Jacques Vaillancourt, Mineral & Financial Investments Ltd. | +44 780 226 8247 |
Katy Mitchell and Jessica Cave, WH Ireland Limited | +44 161 832 2174 |
Jon Belliss, Novum Securities Limited | +44 207 382 8300 |
Mineral & Fin (MAFL)