t
Aurora Investment Trust PLC announced an amendment on 09 May 2023 to its Net Asset Value (NAV) announcement, reporting its unaudited NAV as at the close of business on 5 May 2023 was 240.79p per ordinary share (cum-income). The Company stated that investments were valued on a bid price basis and detailed its recognition of current performance fees and clawbacks on a liability/asset basis in its unaudited daily NAV, which diverges from its accounting policy for Interim and Annual Reports.
| Date | 9 May 2023 |
| Time | 16:21:15 |
| Category | Corporate updates |
| ID | 8408Y |
The following amendment has been made to the Net Asset Value ("NAV") announcement released on 5 May 2023 at 11.10 under RNS No 8095Y.
The Company announces that its unaudited Net Asset Value ("NAV") as at the close of business on 5 May 2023 was 240.79p per ordinary share (cum-income). All other details remain unchanged.
The full amended text is shown below.
Aurora Investment Trust plc (the 'Company')
LEI: 2138007OUWIZFMAGO575
The Company announces that its unaudited Net Asset Value ("NAV") as at the close of business on 5 May 2023 was 240.79p per ordinary share (cum-income).
Investments in the Company's portfolio have been valued on a bid price basis in the above calculation.
The Company recognises performance fees and clawbacks on fees paid in prior performance periods under IFRS 2 Share Based Payments in its Interim and Annual Reports. In the Company's unaudited daily NAV, current performance fee and clawback(s) on fees paid in prior performance periods are recognised on a liability/asset basis, which diverges from the Company's accounting policy.
For and on behalf of the Board
Frostrow Capital LLP
Secretary
09 May 2023