Net Asset Value(s)

RNS Number : 9225H

Prodesse Investment Limited

02 March 2010

 



02 March 2010

PRODESSE INVESTMENT LIMITED

Net Asset Value

The Company announces that the unaudited Net Asset Value per Ordinary share, including accrued and net undistributed income, as at 26 February 2010 was US$8.68  This Net Asset Value includes estimated liquidation costs known by the Company as at 26 February 2010. Such costs arise from the decision by shareholders on 21 December 2009 to support an orderly realization of assets and are based on various assumptions (some of which are beyond the Company's control).  Actual liquidation costs could differ materially from those set forth in the Company's estimates.  Moreover, additional liquidation costs which are currently unknown to the Company may also be incurred.

Assuming a USD/GBP exchange rate of 1.5236, which was the prevailing spot rate on 26 February 2010, the NAV per share, would have been equivalent to 570p.  This figure is given for information only, as Prodesse holds its assets and liabilities in US Dollars and reports its results in the same currency.

Enquiries:

BNP Paribas Fund Services (Guernsey) Limited:

Sara Bourne / Jean McMillan 01481 750850

 

END

 

 

NAVGMGGFGZDGGZM