Portfolio Update

RNS Number : 9072V

Intl. Biotechnology Trust PLC

17 July 2009

 



INTERNATIONAL BIOTECHNOLOGY TRUST PLC

Portfolio Update

The Board of International Biotechnology Trust plc (the 'Company') notes the following change to the value of the unquoted portfolio company – Ricerca Biosciences

Ricerca is valued on an EBITDA basis and although the company's financial position is secure, the relevant public market comparators continue to be weak and have resulted in a calculated EBITDA valuation drop from £0.6m to £0.4m. This reduces net asset value ('NAV') by £0.2m, representing 0.3 pence per share.  This valuation change will be incorporated into the NAV of the Company from today and reflected in the Company's NAV announcements with effect from Monday, 20 July 2009.  

Enquiries:

Kate Bingham/David Pinniger

Telephone: [phone]       

SV Life Sciences Managers LLP   

Investment Manager                                        

Rachael Nelson

Telephone: [phone]

BNP Paribas Secretarial Services Limited

Company Secretary

17 JULY 2009

 

END

 

 

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