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Majedie Investments PLC announced its unaudited final net asset value (NAV) per share on 24 November 2023. The NAV, calculated at the close of business on 31 October 2023 on 52,998,795 ordinary shares, was 236.27 per share with debentures at par value and 236.29 per share with debentures at fair value. The fair value of the March 2025 debenture uses the yield of UK Treasury Bonds of equal duration plus a 2.5% risk premium.
| Date | 24 Nov 2023 |
| Time | 17:19:27 |
| Category | Corporate updates |
| ID | 6565U |
Majedie Investments PLC
Legal Entity Identifier: 2138007QEY9DYONC2723
24 November 2023
Final Net Asset Value (NAV)
The unaudited final net asset value per share at the close of business on 31 October 2023 was as follows:
With debentures at par value: 236.27 per share
With debentures at fair value: 236.29 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
Juniper Partners
Company Secretary
Ph: 0131 378 0500