• Net asset value per share of 727p (as at 6 March 2017)
  • Increase in net asset value per share reflects:
    • Accretion from £300 million tender offer that closed in February 2017
    • Sale of remaining unquoted company at a small uplift to cost
    • Reduction in current, estimated costs associated with the winding up of the Company
      ​
  • The current £400 million tender offer is priced at 715p per share
    • Absent any other changes to the Company's net asset value, the Company expects the residual net asset value per share to be enhanced following the completion of the tender offer
    • A winding up resolution is expected to be proposed to Shareholders on or after 31 May 2017 at which point the Company's shares are likely to be de-listed
    • Distributions are expected to be made as part of the liquidation of the Company from Q3 2017. The amount and timing of any distribution in the winding up of the Company is not assured

Back to Latest news



SVG Capital plc published this content on 20 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 March 2017 17:09:09 UTC.

Original documenthttp://www.svgcapital.com/investor-relations/news-media/net-asset-value-update

Public permalinkhttp://www.publicnow.com/view/655CBE2FB25FE85ED6B79DFC0F4555BBDD1715BF