Portfolio Update

RNS Number : 9184X

Intl. Biotechnology Trust PLC

15 August 2018

 

INTERNATIONAL BIOTECHNOLOGY TRUST PLC

Portfolio Update

The Board of International Biotechnology Trust plc (the Company) notes the following unquoted portfolio event.

The Company has received quarterly investor reporting in relation to its investment in the unlisted venture capital fund, SV Fund VI.

SV Fund VI's latest quarterly investor report values the Company's investment at $25.0m (£19.6m), an uplift of $3.4m (£2.7m) on the valuation of $21.6m (£16.9m) which was included in the Company's Net Asset Value (NAV) calculation for 13 August 2018.

In line with the Company's accounting policy, valuation movements following receipt of quarterly investor reports are reflected in the next reported NAV.  Therefore, the increase in NAV to be reported today, as at 14 August 2018, will be £2.7m or 7.2 pence per share.

Enquiries:

Kate Bingham/Carl Harald Janson

Telephone: [phone]

SV Health Managers LLP

Investment Manager

15 August 2018

 

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