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RNS

Net Asset Value(s)

Released 14:22 19-Apr-2013

RNS Number : 8132C
Ecofin Water & Power Opps PLC
19 April 2013
 











ECOFIN WATER & POWER OPPORTUNITIES PLC












It is announced that at the close of business on 17 April 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

163.63

164.46

(4.05)

(6.94)



Ordinary Shares (dilutive)*

n/a

n/a

n/a

n/a


ZDP Shares

127.86

127.86

0.13

0.17










*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)


540,867












Cash at Bank


2,023












Total Assets


542,890












Borrowings:







Prime Brokerage

41,820






6% CULS 2016

79,314






ZDP Shares

76,614








197,848












Net Assets (Ordinary Shareholders Funds)


345,043





Gearing (net debt/net assets) *


56.8%





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 £45.5m in bonds. Adjusted for this, the total equity exposure of the Company is 143.6% 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