8th Aug 2018 10:26
LONDON (Alliance News) - Pantheon International PLC said Wednesday it had a "milestone year" after its net asset value per share rose 10%.
For the year to May 31, the investment trust's net asset value per share rose to 2,414.8 pence from 2,189.9p.
The company joined the FTSE 250 index during the year after increasing its market capitalisation to just over GBP1 billion.
Net assets for the year dropped to GBP1.30 billion from GBP1.38 billion a year ago, after the company issued a GBP200 million asset linked note. The note "has had the effect of de-emphasising the tail of older assets in its portfolio and is expected to boost the NAV per share", the company explained.
The company said its outlook "appears vulnerable against a backdrop of geopolitical and economic tensions".
Pantheon International shares were trading up 0.8% at 2,046.00p each.
Related Shares:
Pantheon International