Rockwood Realisation PLC NAV Update (0057I)
12 April 2022 - 12:24AM
UK Regulatory
TIDMRKW
RNS Number : 0057I
Rockwood Realisation PLC
11 April 2022
Rockwood Realisation Plc
11 April 2022
Net Asset Value Update
Rockwood Realisation Plc (the "Company"), announces that as at 8
April 2022 the unaudited post tax net asset value (NAV) per
ordinary share was 1,608.6 pence.
The above NAV calculation is based on 2,541,046 ordinary shares
in issue with a nominal value of 50 pence each (the "Ordinary
Shares"), being the number of Ordinary Shares in issue after the
Tender.
The above NAV is therefore calculated after both the Tender
Offer and the B Share Scheme Return of Capital.
The Company's NAV is calculated using portfolio companies' bid
prices. The Company is currently in extended run off and seeking to
realise its portfolio by, effectively, the end of 2023. Such a
valuation basis may therefore not represent a value that the
Company could realise, particularly as the end of 2023 gets closer.
As was stated in the Company's circular to shareholders dated 29th
November 2021, 'it is possible that disposal of shareholdings in
some portfolio companies may not be realised at their carrying
value'. The Board and Investment Manager do not intend to change
the valuation basis at this time but will keep the matter under
review.
For further information, please contact:
Rockwood Realisation Plc
Chairman Noel Lamb 020 7264 4444
Harwood Capital LLP
Investment Manager Christopher Hart 020 7640 3200
Carl Holmes
finnCap William Marle
(Nominated Adviser and Broker) Mark Whitfeld 020 7220 0500
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