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Hansa Investment Company Limited announced on 04 July 2022 that its estimated unaudited Net Asset Values (NAVs) for Ordinary and 'A' Ordinary shares were misstated between 6 June and 30 June 2022 due to an administrative error involving an undervalued investment. The company provided a table of corrected NAVs for this period, for instance, reporting an amended NAV of 310.53 for 06 June 2022 compared to the previously announced 305.30. Hansa Investment Company Limited is investigating the factors that led to this error.
| Date | 4 Jul 2022 |
| Time | 17:04:10 |
| Category | Corporate updates |
| ID | 2652R |
HANSA INVESTMENT COMPANY LIMITED
NAV Misstatement
The Company wishes to inform Shareholders and the market that, due to an administrative error, the estimated unaudited Cum and Ex Income Net Asset Values for the Ordinary and 'A' Ordinary shares of Hansa Investment Company Limited was misstated between 6 June and 30 June 2022 (inclusive). During this period one investment was erroneously undervalued.
The Company is investigating the factors that led to this error with a view to ensuring that appropriate controls are implemented and/or are operating effectively such that such misstatements do not occur in the future.
The corrected Net Asset Values during this period are shown below.
|
Publication Date |
NAV Date |
Announced Price (NAV) |
Amended Price (NAV) |
|
07/06/2022 |
06/06/2022 |
305.30 |
310.53 |
|
08/06/2022 |
07/06/2022 |
305.09 |
310.32 |
|
09/06/2022 |
08/06/2022 |
304.97 |
310.25 |
|
10/06/2022 |
09/06/2022 |
304.82 |
310.05 |
|
13/06/2022 |
10/06/2022 |
302.31 |
307.47 |
|
14/06/2022 |
13/06/2022 |
298.52 |
303.63 |
|
15/06/2022 |
14/06/2022 |
297.05 |
302.12 |
|
16/06/2022 |
15/06/2022 |
298.72 |
303.86 |
|
17/06/2022 |
16/06/2022 |
295.45 |
300.58 |
|
20/06/2022 |
17/06/2022 |
297.57 |
302.48 |
|
21/06/2022 |
20/06/2022 |
294.84 |
299.82 |
|
22/06/2022 |
21/06/2022 |
294.16 |
299.15 |
|
23/06/2022 |
22/06/2022 |
292.56 |
297.56 |
|
24/06/2022 |
23/06/2022 |
291.72 |
296.71 |
|
27/06/2022 |
24/06/2022 |
293.78 |
298.79 |
|
28/06/2022 |
27/06/2022 |
296.97 |
302.12 |
|
29/06/2022 |
28/06/2022 |
297.39 |
302.57 |
|
30/06/2022 |
29/06/2022 |
296.00 |
301.19 |
The Net Asset Value announcement (0954R) will be individually replaced to reflect the correct Net Asset Values at the 30 June 2022 month end.
Hansa Investment Company Limited LEI: 213800RS2PWJXS2QDF66
For and on behalf of the Board
Hansa Capital Partners LLP - Additional Administrative Service Provider to Hansa Investment Company Limited