Correction: Quarterly Net Asset Value

RNS Announcement

RNS Number : 5171W

Mineral & Financial Invest. Limited

17 April 2019

MINERAL AND FINANCIAL INVESTMENTS LIMITED

Correction: Quarterly Net Asset Value

NET ASSET VALUE

It has come to the Company's attention that the calculations for the quarterly Net Asset Value per share quoted in previous announcements, and more particularly the announcements dated 27 March 2019, 1 November 2018 and 31 July 2018, were not expressed clearly.

Accordingly, the Company sets out its calculations for both the basic and fully diluted Net Asset Value per share, below.

These calculations will also be incorporated in the Company's quarterly Net Asset Value update going forward.

2016
	Mar. 31 2016	Jun. 30 2016	Sep. 30 2016	Dec. 31 2016*
NET ASSET VALUE (NAV)	£912,938	£1,048,857	£1,558,156	£1,494,360
Cost of Exercising Options	£39,450	£39,450	£39,450	£39,450
Total NAV	£952,388	£1,088,307	£1,597,606	£1,533,810

Number of shares in issue	14,034,562	14,034,562	24,034,562	24,034,562
Unexercised options	500,000	500,000	500,000	500,000
	14,534,562	14,534,562	24,534,562	24,534,562
Basic: NET ASSET VALUE PER SHARE (NAVPS)	6.50p	7.47p	6.48p	6.22p
Fully diluted NAVPS	6.55p	7.49p	6.51p	6.25p


2017
	Mar. 31 2017	Jun. 30 2017	Sep. 30 2017	Dec. 31 2017
NET ASSET VALUE (NAV)	£2,509,774	£2,443,373	£2,387,321	£2,602,816
Cost of Exercising Options	£84,450	£84,450	£84,450	£61,604
Total NAV	£2,594,224	£2,527,823	£2,471,771	£2,664,420

Number of shares in issue	34,742,895	34,742,895	34,742,895	35,037,895
Unexercised options	1,100,000	1,100,000	1,100,000	805,000
	35,842,895	35,842,895	35,842,895	35,842,895
Basic: NET ASSET VALUE PER SHARE (NAVPS)	7.22p	7.03p	6.87p	7.43p
Fully diluted NAVPS	7.24p	7.05p	6.90p	7.43p

2018
	Mar. 31 2018	Jun. 30 2018*	Sep. 30 2018	Dec. 31 2018
NET ASSET VALUE (NAV)	£2,536,875	£2,623,134	£2,358,580	£4,392,940
Cost of Exercising Options	£61,604	£61,604	£61,604	£61,604
Total NAV	£2,598,479	£2,684,738	£2,420,184	£4,454,544

Number of shares in issue	35,037,895	35,037,895	35,037,895	35,037,895
Unexercised options	805,000	805,000	805,000	805,000
	35,842,895	35,842,895	35,842,895	35,842,895
Basic: NET ASSET VALUE PER SHARE (NAVPS)	7.24p	7.49p	6.73p	12.54p
Fully diluted NAVPS	7.25p	7.49p	6.75p	12.43p

*indicates audited numbers.

FOR MORE INFORMATION:

Jacques Vaillancourt, Mineral & Financial Investments Ltd.	+44 780 226 8247
Katy Mitchell and Jessica Cave, WH Ireland Limited	+44 161 832 2174
Jon Belliss, Novum Securities Limited	+44 207 382 8300

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 [email protected] or visit www.rns.com.

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RNS metadata

Title: Correction: Quarterly Net Asset Value
Time: 13:30:02
Date: 17 Apr 2019
Category: Corporate updates
ID: 5171W