Ecofin Water & Power Opps PLC Net Asset Value(s) (4669B)
17 June 2016 - 1:40AM
UK Regulatory
TIDMECWO
RNS Number : 4669B
Ecofin Water & Power Opps PLC
16 June 2016
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 15 June,
2016, the un-audited Net Asset Values per Ordinary Share and ZDP
Share were:-
Share Class NAV (p) Increase/(Decrease) Absolute Movement
% (p)
(inc undistributed
revenue)
Ordinary Shares 149.80 -4.33 -6.78
Ordinary Shares
Diluted* n/a n/a n/a
ZDP Shares 159.14 0.13 0.20
*The Company's 6% Convertible Unsecured Subordinated Loan Stock
2016 in issue will not necessarily dilute the Ordinary Shares' Net
Asset Value but may do so. Where no dilution of NAV takes place the
value boxes on this line will show "not applicable". A diluted NAV
assumes that the 6% Convertible Unsecured Subordinated Loan Stock
has been converted at the conversion price of 172.6445p.
Fund values (rounded) GBP'000 GBP'000
--------
Total Assets (less cash at bank) 414,220
Cash at Bank 90,853
Total Assets 505,073
Borrowings:
Prime Brokerage 15,523
6% CULS 2016 79,645
ZDP Shares 95,485
--------
190,653
Net Assets (Ordinary Shareholders
Funds) 314,420
Gearing (net debt/net assets) ** 31.7%
----------------------------------- -------- --------
** Net debt is bank debt, the Convertible Unsecured Subordinated
Loan Stock and the Zero Dividend Preference Shares, less cash at
bank, including brokers net outstanding balances.
Notes:
The total assets of the Company include approximately GBP5.1m in
bonds. Adjusted for this, the total equity exposure of the Company
is 130.1% of net assets.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
16 JUNE, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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