Regulatory Story
Go to market news section View chart   Print
Henderson Value Trst  -  HVTR   

Net Asset Value(s)

Released 12:18 11-Apr-2013

Net Asset Value(s)

HENDERSON GLOBAL INVESTORS

HENDERSON VALUE TRUST PLC (FORMERLY SVM GLOBAL FUND PLC)

11 April 2013

                   Henderson Value Trust plc (the `Company')                   

The Company announces that its unaudited net asset value per ordinary share at
close of business on 5 April 2013 was 295.47p.

In accordance with AIC guidance, this unaudited net asset value per ordinary
share uses closing BID prices and is on a cum income basis.

Henderson Global Investors (the "Manager") became investment manager of the
Company on 1 April 2013.

As part of its fund transition process, the Manager is currently undertaking a
full analysis of the Company's investment portfolio. This includes a review of
the valuations of the Company's unlisted/illiquid holdings (the "Valuation
Review").

At the time of this announcement, the Manager estimates that 8.2% of the
Company's 5 April 2013 net asset value of £141.1 million is still subject to
the Valuation Review which may result in adjustments to the valuations of
certain holdings. Any such adjustments will be identified as they arise in the
Company's weekly net asset value announcements. The Manager will confirm to the
market when the Valuation Review has been completed, which is expected to be
within the next two weeks.

The Company's 5 April 2013 net asset value of £141.1 million includes a £0.4
million reduction in the valuation of the Company's holding in iO Adria
Limited, an owner and developer of Croatian real estate. This reflects the
extension of the Manager's fair value pricing policy, which is currently
applied to the Manager's other holdings in iO Adria Limited, to the Company's
holding.

The Board has decided that the Company's interim financial statements for the
period ended 31 March 2013 will be subject to audit by the Company's auditor,
Ernst & Young. Ernst & Young will also be engaged by the Company to review any
valuation adjustments made by the Manager after 1 April 2013 as part of the
Valuation Review.

Enquiries:

Ian Barrass
Co-Portfolio Manager
Henderson Value Trust plc
Tel: 020 7818 2964

Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Net Asset Value(s) - RNS