Net Asset Value(s)

RNS Number : 6131Z

Advancedadvt Limited

15 September 2022

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

15 September 2022

AdvancedAdvT Limited ("ADV")

Net Asset Value per Ordinary Share

As an acquisition company, the board of ADV believes that our NAV (net asset value) per share is an important metric to highlight to shareholders.

The board of directors of ADV today announces that the estimated net asset value per ordinary share of ADV was 91.1 pence as at 31 August 2022.

As at 31 August 2022 ADV's net assets of an estimated £121.4m consisted of £104m cash, 12,000,000 shares in M&C Saatchi plc valued at £19m (based on a 10 day VWAP price of 158.05p) and estimated net current liabilities of £1.6m (including accrued project costs up to 31 August 2022 in relation to the offer for M&C Saatchi plc).

As at 31 August 2022, there were 133,200,000 ordinary shares of ADV in issue.

Enquiries:

AdvancedAdvT Limited

Antoinette Vanderpuije

[phone]

 

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