Terra Capital PLC Net Asset Value(s) (2609Z)
13 March 2017 - 9:30PM
UK Regulatory
TIDMTCA
RNS Number : 2609Z
Terra Capital PLC
13 March 2017
13 March 2017
Terra Capital Plc ('Terra' or 'the Fund')
28 February 2017- NAV Update
Ghi456
Terra Capital Plc, an AIM quoted investment company focussed on
investing in value opportunities globally, primarily in frontier
markets, announces that the estimated net asset value ('NAV') per
share on 28 February 2017 was US$1.068. This represents an increase
in NAV of 0.70% over the prior month.
The pro forma net asset value per share, which has been prepared
to illustrate the effect of the tender offer for 6,829,924 shares
in the Company, as approved by shareholders in the Company on 27
February 2017 and for which the tender price was announced on 3
February 2017, the unaudited, undiluted net asset value per share
on 28 February 2017 would have increased by 0.009 cents per share
to US$ 1.077.
The Fund undertakes its activities in line with its strategy to
generate high absolute returns by investing in what the Investment
Manager believes are under-valued companies presenting significant
value opportunities. Due to market inefficiencies, the Fund and its
Investment Manager, Terra Partners Asset Management Limited believe
that frontier markets provide many such prospects.
The NAV per share figure as at 28 February 2017 is unaudited.
The last quoted price per share on the London Stock Exchange as of
March 9, 2017 is US$0.8650.
**ENDS**
For more information, please visit www.terracapitalplc.com or
contact:
Galileo Fund Services Limited (Administrator)
Frazer Pickering
+44 1624 692600
Panmure Gordon (UK) Limited (Nominated adviser and corporate
broker)
Paul Fincham or Jonathan Becher
+44 20 7886 2500
Terra Capital plc.
Ian Dungate, Director
+44 1624 692600
St Brides Partners Ltd
Elisabeth Cowell / Frank Buhagiar
+44 (0) 20 7236 1177
NOTES:
Terra Capital plc is an AIM quoted investment trust focussed on
generating high absolute returns while attempting to keep
volatility to a minimum. The Fund predominantly invests in
under-researched and under-valued companies listed on Frontier
Market stock exchanges. The Fund Manager targets for investment
companies that it believes are trading for less than their
intrinsic worth and so, aside from any potential growth prospects,
provide scope for capital appreciation as a result of a reversion
towards their underlying value. Investments are also made in
companies which are viewed as trading at fair value but which offer
opportunities for growth at a reasonable price. The Investment
Manager believes many such 'value' opportunities can be found in
Frontier Markets due to inherent market inefficiencies in such
markets. The Manager utilises in-house teams of its own analysts,
resident on the ground in areas of interest to investigate suitable
opportunities rather than rely on third party research.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NAVKXLBFDXFLBBV
(END) Dow Jones Newswires
March 13, 2017 06:30 ET (10:30 GMT)
Terra Capital (LSE:TCA)
Historical Stock Chart
From Apr 2024 to May 2024
Terra Capital (LSE:TCA)
Historical Stock Chart
From May 2023 to May 2024