Repayment of Bank Borrowings
03 September 2003 - 2:23AM
UK Regulatory
Exeter Selective Assets Investment Trust PLC
REPAYMENT OF BANK BORROWINGS
The Company has repaid �858,000 of its loan with Bank of Scotland and �642,000
of its loan with Lloyds TSB. Breakage costs incurred in the repayments were �
36,861 to Bank of Scotland and �31,870 to Lloyds TSB. Following these
repayments the Company has total assets (valued at mid-market prices) as at 29
August 2003 of �25.9 million, total borrowings of �20.4 million and net assets
of �5.6 million (20.1p per ordinary share). The estimated breakage costs on the
outstanding loans total �0.9 million.
The Company's assets and liabilities are as follows:
�m
Quoted Investments 25.887
Net Current Assets 0.058
Total Assets 25.945
Total Borrowings 20.351*
*�11.633 million with Bank of Scotland and �8.718 million with Lloyds TSB.
2 September 2003
END