Unicorn AIM VCT PLC Net Asset Value(s) (7668F)
11 March 2020 - 9:04PM
UK Regulatory
TIDMUAV
RNS Number : 7668F
Unicorn AIM VCT PLC
11 March 2020
Unicorn AIM VCT PLC ("the Company")
LEI: 21380057QDV7D34E9870
Net Asset Value
Unicorn AIM VCT PLC announces that the unaudited net asset value
per Ordinary 1p share of the Company as at 29 February 2020
was:
At bid price (cum income)
Per Ordinary 1p share 165.7 pence
The Board wishes to report that the Net Asset Value of the
Company, as at 29 February 2020, benefited from a further valuation
increase of GBP6.0 million in respect of Interactive Investor in
which the Company holds a significant equity stake and which
announced an important acquisition during the month. This valuation
increase was more than offset however, by a 5.5% decline in the
value of the Company's quoted investments, which reflects the steep
falls experienced by UK equity markets during February.
In recent days, the Coronavirus outbreak has continued to spread
rapidly and is now having an increasingly detrimental impact on
global stock markets. The Company's portfolio of quoted investments
has not been immune from these declines, and the approximate value
of this portfolio has declined by a further 5% since 1 March 2020.
It is not possible to predict the scale or duration of the current
unsettled market conditions with any accuracy.
In the interests of Shareholders, and in view of the current
volatile market conditions, the Board has decided to suspend making
market purchases of the Company's shares for the time being. It is
anticipated that this suspension will be temporary in nature. The
Board plans to reassess the situation at the end of March and will
be announcing a valuation as at 20 March 2020 on which the first
allotment under the current offer for subscription will be
based.
Enquiries:
ISCA Administration Services Limited
01392 487056
11 March 2020
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END
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