9th Feb 2015 09:42
LONDON (Alliance News) - Oakley Capital Investments Ltd Monday said it expects its net asset value for the end of last year, which remains subject to audit, will be in the range of GBP255 million to GBP257 million, equating to a NAV per share of between 199 pence to 201 pence.
The company, which gives investors exposure to Oakley Capital Private Equity LP and successor fund Oakley Capital Private Equity II, said the NAV comprises cash, the investments in the funds, short-term bridging finance for the funds and loans provided to a number of the portfolio companies.
Oakley Capital Investments also said it has authorised a share buy-back programme of up to 7 million shares in the company at prices below the estimated net asset value per share.
"NAV performance in the period was somewhat attenuated by the weakening of the Euro during the year. Nevertheless significant disposals from both funds, specifically the exits from Daisy and intergenia both of which delivered good returns, demonstrates Oakley's ability to deliver strong investment returns for our investors," Peter Dubens, director, said in a statement.
Oakley Capital Investments shares were up 1.5% at 152.50 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
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