Terra Capital PLC Net Asset Value(s) (2609Z)

TIDMTCA

RNS Number : 2609Z

Terra Capital PLC

13 March 2017

13 March 2017

Terra Capital Plc ('Terra' or 'the Fund')

28 February 2017- NAV Update

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Terra Capital Plc, an AIM quoted investment company focussed on investing in value opportunities globally, primarily in frontier markets, announces that the estimated net asset value ('NAV') per share on 28 February 2017 was US$1.068. This represents an increase in NAV of 0.70% over the prior month.

The pro forma net asset value per share, which has been prepared to illustrate the effect of the tender offer for 6,829,924 shares in the Company, as approved by shareholders in the Company on 27 February 2017 and for which the tender price was announced on 3 February 2017, the unaudited, undiluted net asset value per share on 28 February 2017 would have increased by 0.009 cents per share to US$ 1.077.

The Fund undertakes its activities in line with its strategy to generate high absolute returns by investing in what the Investment Manager believes are under-valued companies presenting significant value opportunities. Due to market inefficiencies, the Fund and its Investment Manager, Terra Partners Asset Management Limited believe that frontier markets provide many such prospects.

The NAV per share figure as at 28 February 2017 is unaudited. The last quoted price per share on the London Stock Exchange as of March 9, 2017 is US$0.8650.

**ENDS**

For more information, please visit www.terracapitalplc.com or contact:

Galileo Fund Services Limited (Administrator)

Frazer Pickering

[phone]

Panmure Gordon (UK) Limited (Nominated adviser and corporate broker)

Paul Fincham or Jonathan Becher

[phone]

Terra Capital plc.

Ian Dungate, Director

[phone]

St Brides Partners Ltd

Elisabeth Cowell / Frank Buhagiar

[phone]

NOTES:

Terra Capital plc is an AIM quoted investment trust focussed on generating high absolute returns while attempting to keep volatility to a minimum. The Fund predominantly invests in under-researched and under-valued companies listed on Frontier Market stock exchanges. The Fund Manager targets for investment companies that it believes are trading for less than their intrinsic worth and so, aside from any potential growth prospects, provide scope for capital appreciation as a result of a reversion towards their underlying value. Investments are also made in companies which are viewed as trading at fair value but which offer opportunities for growth at a reasonable price. The Investment Manager believes many such 'value' opportunities can be found in Frontier Markets due to inherent market inefficiencies in such markets. The Manager utilises in-house teams of its own analysts, resident on the ground in areas of interest to investigate suitable opportunities rather than rely on third party research.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 13, 2017 06:30 ET (10:30 GMT)