Literacy Capital PLC Quarterly NAV Announcement (4831Q)
28 October 2021 - 5:00PM
UK Regulatory
TIDMBOOK
RNS Number : 4831Q
Literacy Capital PLC
28 October 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
This announcement contains inside information.
28 October 2021
Literacy Capital plc ("Literacy" or the "Company")
Quarterly NAV Announcement
Net Asset Value
The Company announces that as at 30 September 2021 the unaudited
net asset value ("NAV") per ordinary share was 245.3 pence (245.0
pence per ordinary share on a fully diluted basis, taking account
of warrants currently in issue to subscribe for ordinary
shares).
This represents a 34.0%, or 62.3p per share, uplift since 30
June 2021 when NAV per ordinary share was 183.1p.
The above NAV calculation is based on the Company's issued
ordinary share capital as at 30 September 2021 of 60,000,000
ordinary shares of GBP0.001 each. Further, the NAV per ordinary
share calculation currently excludes certain deferred tax
liabilities shown in the Company's accounts on the basis that those
amounts are not expected to become payable in the future should the
Company receive approval of its investment trust status. In the
event that the Company does not receive such approval, the deferred
tax liabilities will need to be taken into account in calculating
the NAV per ordinary share going forward.
Factsheet
The Company's factsheet for the three months to 30 September
2021 is now available on the Company's website:
www.literacycapital.com/investors
-ENDS-
For further information, please contact:
Literacy Capital plc / Literacy Capital Asset Management
LLP:
Tom Vernon
+44 (0) 20 3960 0280
Singer Capital Markets Securities Limited:
Robert Peel / Amanda Gray
+44 (0) 20 7496 3000
LEI: 2549006P3DFN5HLFGR54
A copy of this announcement will be available on the Company's
website at https://www.literacycapital.com/.
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the
Company.
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END
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