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RNS

Asset Valuation

Released 07:16 23-Aug-2019

RNS Number : 0433K
Woodford Patient Capital Trust PLC
23 August 2019
 

23 August 2019

 

Woodford Patient Capital Trust plc

LEI: 2138008X94M7OVE73I77

 

Asset Valuation

 

Link Fund Solutions Limited ("Link"), through its Fair Value Pricing Committee, is responsible for the valuation of the portfolio of Woodford Patient Capital Trust plc (the "Company"). Link, with the support of an independent valuation firm (IHS Markit), undertakes the valuation of the Company's unquoted assets in accordance with the Financial Reporting Standard (FRS) 102 and International Private Equity and Venture Capital Guidelines (IPEV).

 

The Board has been notified by Link that it intends to reduce the valuation of the Company's holding in IH Holdings International Limited.  This is expected to impact the Company's net asset value by approximately 3.4 pence per share and will be reflected in the Company's net asset value as at 23 August 2019 (which will be announced to the market on 27 August 2019). The valuation adjustment reflects a reassessment of the current progress of the business.  

 

This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

 

 

Enquiries:

 

FTI Consulting

Ed Berry

   

 

020 3727 1046

Winterflood Investment Trusts

Neil Langford

Chris Mills

 

020 3100 0000

 

 

      

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Asset Valuation - RNS