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Majedie Investments PLC reported its unaudited Net Asset Value (NAV) per share on 7 January 2022, based on figures as of the close of business on 6 January 2022. The NAV per share was 282.78 with debentures at par value and 278.01 with debentures at fair value, calculated on 52,998,795 ordinary shares on a cum-income basis. The fair value of the March 2025 debenture is determined using the yield of UK Treasury Bonds of equal duration plus a 2.5% risk premium.
| Date | 7 Jan 2022 |
| Time | 14:05:44 |
| Category | Corporate updates |
| ID | 8203X |
Majedie Investments PLC
Legal Entity Identifier: 2138007QEY9DYONC2723
7 January 2022
Net Asset Value (NAV)
The unaudited net asset value per share at the close of business on 6 January 2022 was as follows:
With debentures at par value: 282.78 per share
With debentures at fair value: 278.01 per share
The net asset value published is on a cum-income basis and the net asset value is calculated on 52,998,795 ordinary shares, being the number of shares in issue.
The fair value of the March 2025 debenture is calculated by using the yield of UK Treasury Bonds of an equal duration plus a 2.5% risk premium. The Board sees this mechanism as transparent, market related and consistent with best practice.
Enquiries
William Barlow
Majedie Investments PLC
Ph: 020 7382 8185