Net Asset Value(s)
Summary by AI BETAClose X
Geiger Counter Limited
(the "Company")
Net Asset Value
Geiger Counter Limited (LSE: GCL) announces that as at the close of business on 03 November 2026 its unaudited net asset value ("NAV") per ordinary share ("Share") was as follows:
|
Date of announcement |
04 November 2026 |
|
Date of NAV |
03 November 2026 |
|
NAV per share – undiluted |
46.02 Pence |
|
NAV per share - fully diluted |
46.02 Pence |
|
No of voting shares in issue |
118,010,966 |
|
Subscription Exercise Price |
94.26 pence per share |
|
Next Subscription Date |
1 May 2027 |
Change to BID Valuation (from MID)
The Board have agreed to transition the generated daily NAV per share to BID price to align with the Financial Statements and the Company’s governing documents. There is no deemed impact on shareholders.
*Notes relating to the NAV dilution
The dilution with regard to the exercise of the Subscription rights in May 2026 is fully included and reflected in the current NAV.
Further dilution in relation to the effect of the Company's embedded annual Subscription Right for future years may become relevant should the NAV increase above the Subscription Exercise Price and will be reflected in future announcements accordingly. Shareholders should note that the dilution refers to the NAV per share dilution, not to the dilution of Shareholders' holdings in the Company. All Shareholders have the right to take up their subscription rights on 1 May in each year and those who do take them up in full don't have their percentage holding in the Company diluted. For those investors who don't take up their subscription rights, the Company endeavours to place in the market the shares that they were entitled to subscribe for, and then return the net sale proceeds to those investors as a way to deliver to them as much as possible of the value of their subscription rights, therefore reducing the dilution effect of not subscribing.
About the annual Subscription Right
Shareholders have the right to subscribe for one new Ordinary Share for every five Ordinary Shares held in the Company on the Record Date. The exercise price is equal to the undiluted NAV per share on 30 April one year prior. The aim of the programme is to enable to Company to grow through share issuance and it is subject to shareholder review at each annual general meeting.
Enquiries
Manulife | CQS Investment Management
Craig Cleland +44 (0) 20 7201 5368
Cavendish Capital Markets Limited
Daniel Balabanoff / Pauline Tribe (Sales +44 (0) 20 7720 0500)
Tunga Chigovanyika (Corporate Finance Director +44 (0) 20 7397 1915)
Summit Fund Services Jersey Limited
Christopher Foulds +44 (0) 1534 825 259
About Geiger Counter Limited
Geiger Counter Limited is a closed-ended investment company incorporated with limited liability in Jersey. The Company's investment objective is to provide attractive returns to Shareholders principally in form of capital growth, through investment in companies involved in the exploration, development and production or uranium to supply the nuclear power industry.
For the latest factsheet and other information, click here.
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