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IN BRIEF: Majedie NAV per share falls; targets total return growth

26th May 2023 12:07

Majedie Investments PLC - London-based investment trust - Says net asset value at par value per share was 245.0 pence at March 31, the end of its first half of the year, down from 257.0p per share a year ago. Notes NAV total return with debt at par value was 14%. Says the company will target total returns of at least 4% above the UK Consumer Price Index under new investment policy.

Current stock price: 199.40 pence, down 1.5% on Friday

12-month change: down 0.7%

By Harvey Dorset, Alliance News reporter

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