Net Asset Value(s)

RNS Number : 1765A

Downing Strategic Micro-Cap IT PLC

24 May 2019

 

Downing Strategic Micro-Cap Investment Trust Plc The Company announces:
Total Assets (including unaudited revenue reserves at 23/05/2019) of £43.92m
Net Assets (including unaudited revenue reserves at 23/05/2019) of £43.92m
The Net Asset Value (NAV) at 23/05/2019 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		79.47p	55,265,002
Per Ordinary share (bid price) - excluding current period revenue*		77.79p
Ordinary share price		70.50p
Premium/(Discount) to NAV		(11.29)	%
*Current period revenue covers the period 01/03/2018 to 23/05/2019

This morning Redhall Group ("RHL") announced the suspension of its shares on AIM, pending trying to resolve financial difficulties due to continued contract delays. DSM's exposure is c. £580k of RHL equity and £700k of secured loan notes.  This reflects an overall exposure to RHL of 2.4p per share for DSM.

 

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