17th Apr 2014 17:02
ECOFIN WATER AND POWER OPPORTUNITIES PLC (the "Company")
The Company announces that at the close of business on 16 April 2014, the un-audited Net Asset Values per Ordinary Share and ZDP Shares were:-
Share Class | NAV (p) | Increase/(Decrease) % | Absolute Movement (p) |
Ordinary Shares (including income) |
191.05 |
-1.55 |
-3.00 |
Ordinary Shares Diluted* (including income) |
187.55 |
-1.30 |
-2.46 |
Ordinary Shares (excluding income) |
188.93 |
|
|
Ordinary Shares Diluted* (excluding income) |
185.81 |
|
|
ZDP Shares |
137.07 |
0.13 |
0.18 |
\* The Company's 6% Convertible Unsecured Loan Stock 2016 in issue will not necessarily dilute the Ordinary Shares' Net Asset Value but may do so. Where no dilution of NAV takes place the value boxes on this line will show "not applicable". A diluted NAV assumes that the 6% Convertible Unsecured Loan Stock has been converted at the conversion price of 172.6445p.
Fund values (rounded) | £'000 | £'000 |
Total Assets (less cash at bank) | 592,801 | |
Cash at Bank | 70 | |
Total Assets | 592,871 | |
Borrowings: | ||
Prime Brokerage | 30,291 | |
6% CULS 2016 | 79,506 | |
ZDP Shares | 82,242 | |
192,039 | ||
Net Assets (Ordinary Shareholders Funds) | 400,832 | |
Gearing (net debt/net assets) ** | 47.9% |
** Net debt is bank debt, the Convertible Unsecured Loan Stock and the Zero Dividend Preference Shares, less cash at bank.
Notes:
The total assets of the Company include approximately £9.2m in bonds. Adjusted for this, the total equity exposure of the Company is 45.6% of net assets.
BNP Paribas Secretarial Services Limited
Company Secretary
Tel: 020 7410 5971
17 APRIL 2014
Related Shares:
ECWO.L