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RNS

Net Asset Value(s)

Released 17:06 31-Jul-2014

RNS Number : 9488N
Ecofin Water & Power Opps PLC
31 July 2014
 



ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")

The Company announces that at the close of business on 30 July, 2014, the un-audited Net Asset Values per Ordinary Share and ZDP Share were:-

Share Class

NAV (p)

(inc undistributed revenue)

Increase/(Decrease) %

Absolute Movement (p)

Ordinary Shares

228.61

-2.02

-4.71

Ordinary Shares Diluted*

218.32

-1.74

-3.86





 

ZDP Shares

139.77

0.13

0.18

 

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

 

Fund values (rounded)

£'000

£'000

Total Assets (less cash at bank)


               672,040




Cash at Bank


            318




Total Assets


672,358




Borrowings:



Prime Brokerage

              29,325


6% CULS 2016

              79,466


ZDP Shares

              83,864




192,655




Net Assets (Ordinary Shareholders Funds)


479,703




Gearing (net debt/net assets) **


40.1%

 

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

 

Notes:

The total assets of the Company include approximately £10.4m in bonds.  Adjusted for this, the total equity exposure of the Company is 138.0% of net assets.

 

BNP Paribas Secretarial Services Limited

Company Secretary 

Tel: 020 7410 5971 

31 JULY, 2014


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