Law Debenture Corp PLC Net Asset Value and Portfolio Update (5480L)
04 October 2016 - 1:41AM
UK Regulatory
TIDMLWDB
RNS Number : 5480L
Law Debenture Corp PLC
03 October 2016
Net Asset Value
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including fair value
of IFS businesses on 30 September 2016 was 587.40 pence per share
(ex income) and 595.69 pence per share (cum income). With the
Corporation's long term debt stated at fair value, the NAV was
554.94 pence per share (ex income) and 563.24 pence per share (cum
income). The mid-market price at the close of business on 30
September 2016 was 506.00 pence per share.
In accordance with listing rule 15.6.8, The Law Debenture
Corporation p.l.c. announces that it has no investments in other UK
listed investment companies that require to be disclosed. Its top
ten holdings, including all holdings with a value greater than 5%
of the Corporation's gross assets as at 30 September 2016 are set
out below
Top 10 Holdings
The top 10 holdings in the investment portfolio as at 30
September 2016 were:
Name of Holding % of portfolio
Rank (excl.
cash)
1. Royal Dutch Shell 2.97
2. HSBC 2.27
3. Baillie Gifford Pacific 2.19
4. GKN 2.16
5. BP 2.14
6. Stewart Investors Pacifc 2.13
7. Rio Tinto 2.01
8. Senior 1.96
9. GlaxoSmithKline 1.83
10. Hill & Smith 1.75
Geographical Split of investment portfolio
% of portfolio
Region
UK 63
Europe 7
North America 11
Japan 2
Other Pacific 5
Other 2
Cash and Fixed Interest 10
TOTAL 100
---------------
Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company
Secretariat, 020 7696 5285).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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