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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avi Japan Opportunity Trust Plc | LSE:AJOT | London | Ordinary Share | GB00BD6H5D36 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.00 | -2.32% | 126.50 | 125.00 | 127.00 | 128.50 | 126.00 | 126.00 | 84,630 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -2.94M | -6.99M | -0.0496 | -25.60 | 178.86M |
TIDMAJOT
RNS Number : 9082P
AVI Japan Opportunity Trust PLC
15 October 2019
AVI JAPAN OPPORTUNITY TRUST PLC (the "Company")
Additional Debt Facility
The Company is pleased to announce that, further to the Debt Facility announced on 5 April 2019, it has increased its 364 day, 1.465 billion Yen unsecured revolving credit facility with Scotiabank Europe plc by an additional 1.465 billion Yen (approximately GBP11 million as at 14 October 2019).
The additional borrowing is taken out under the facility agreement entered into on 5 April 2019 and therefore includes the same terms, which are typical for a facility of this nature, including net asset value and asset coverage covenants. Interest is payable under the facility at a rate equal to LIBOR plus 0.75 per cent.
Should the additional facility be fully drawn down, the Company's gearing is expected to be approximately 22 per cent. of the Company's net assets, based on total net assets as at 14 October 2019. However, the current intention is to maintain aggregate borrowings in the medium term to 10-15 per cent. of net asset value. Use of additional borrowings in excess of this level will be considered to capitalise on near term market opportunities, or to mitigate cash drag in respect of the future issuance of ordinary shares.
For further information please contact:
Joe Bauernfreund, Asset Value Investors
Tel: 020 7659 4800
LEI: 894500IJ5QQD7FPT3J73
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 15, 2019 04:38 ET (08:38 GMT)
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