Law Debenture Corp PLC Net Asset Value and Portfolio Update (0328O)

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RNS Number : 0328O

Law Debenture Corp PLC

01 November 2016

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including fair value of IFS businesses on 31 October 2016 was 591.00 pence per share (ex income) and 600.85 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 566.69 pence per share (ex income) and 576.53 pence per share (cum income). The mid-market price at the close of business on 31 October 2016 was 505.50 pence per share.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 31 October 2016 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 October 2016 were:

 
           Name of Holding           % of portfolio 
   Rank                                      (excl. 
                                              cash) 
 1.       Royal Dutch Shell                    3.15 
 2.       HSBC                                 2.42 
 3.       Baillie Gifford Pacific              2.31 
 4.       BP                                   2.30 
 5.       Stewart Investors Pacifc             2.24 
 6.       Rio Tinto                            2.22 
 7.       GKN                                  2.15 
 8.       GlaxoSmithKline                      1.81 
 9.       Rolls Royce                          1.68 
 10.      Relx                                 1.63 
 

Geographical Split of investment portfolio

 
                            % of portfolio 
   Region 
 UK                                     62 
 Europe                                  7 
 North America                          11 
 Japan                                   2 
 Other Pacific                           5 
 Other                                   2 
 Cash and Fixed Interest                11 
 
 TOTAL                                 100 
                           --------------- 
 

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2016 11:30 ET (15:30 GMT)