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Company Ecofin Water & Power Opps PLC
TIDM ECWO
Headline

Net Asset Value(s)

Released 14:30 06-Feb-2013
Number 2483X14

RNS Number : 2483X
Ecofin Water & Power Opps PLC
06 February 2013
 



ECOFIN WATER & POWER OPPORTUNITIES PLC












It is announced that at the close of business on 31 January 2013, the un-audited Net Asset Values per Ordinary Share and ZDP Shares of the above investment trust company were:-









Share Class

NAV (p)

NAV (p)

Increase / (Decrease)

Absolute movement



(exc. undistributed revenue)

(inc. undistributed revenue)

 (inc. undistributed revenue)                  %

(inc. undistributed revenue) pence



Ordinary Shares

159.09

161.16

(0.49)

(0.79)



Ordinary Shares (dilutive)*

n/a

n/a

n/a

n/a

ZDP Shares

125.94

125.94

0.02

0.02










*The Company's 6% Convertible Unsecured 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 Loan Stock has been converted at the conversion price of 172.6445p.









Fund Values (rounded)

£ '000

£ '000












Total Assets (less cash at bank)


510,579












Cash at Bank


24,816












Total Assets


535,395












Borrowings:







Prime Brokerage

42,482






6% CULS 2016

79,218






ZDP Shares

75,564








197,264












Net Assets (Ordinary Shareholders Funds)


338,131





Gearing (net debt/net assets) *


51.0%





Net debt is bank debt, the Convertible Unsecured Loan Stock and the Zero Dividend Preference Shares, less cash at bank


Notes:







The total assets of the Company include approximately £51.3m in bonds. Adjusted for this, the total equity exposure of the Company is 135.8 % of net assets. 



 

 






Phoenix Administration Services Limited

Corporate Secretary




 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Net Asset Value(s) - RNS