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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blackrock New S | LSE:BRNS | London | Ordinary Share | GB00B4KTTT60 | SUB SHS 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.29 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
BLACKROCK NEW ENERGY INVESTMENT TRUST PLC Interim Management Statement - 3 months to 31 July 2013 To the members of BlackRock New Energy Investment Trust plc This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied on by any other party for any other reason. This interim management statement relates to the period from 1 May 2013 to 31 July 2013, and contains information that covers this period, and up to the date of publication of this interim management statement. The Company invests globally, and seeks to generate long term capital growth for its shareholders by investing in companies that have a significant focus on alternative energy or energy technology. The Company's portfolio is managed by Robin Batchelor and Poppy Allonby of BlackRock Investment Management (UK) Limited. At a General Meeting of the Company held on 25 July 2012 shareholders approved the removal of the requirement for an annual continuation vote and replaced it with the obligation for the Board to put forward proposals that shareholders be given the opportunity to elect to receive an amount per share in cash of NAV less applicable costs, shortly after the AGM in 2014. Financial position as at 31 July 2013 (unaudited) Gross assets (£m) 105.79 Short term borrowings (£m) Nil Net asset value per share (including income - undiluted) 45.02p Net asset value per share (including income and diluted for subscription shares) 45.02p Ordinary share price 40.63p Subscription share price 0.250p Ordinary shares in issue* 234,970,781 Subscription shares in issue 45,629,030 Actual gearing Nil Discount to NAV** 9.75% * Excluding 11,900,000 ordinary shares held in treasury. ** Based on Net Asset Value per share (including income and diluted for subscription shares). Performance Cumulative Performance (%): One Three One Three Five Month Months Year Years Years Net asset value (undiluted) 5.9% 7.0% 29.7% -2.0% -33.9% Share price 7.6% 7.6% 33.8% 6.0% -39.0% Ten Largest Investments (in alphabetical order) Company Country of Risk ABB Switzerland EDP Renovaveis Portugal ITC Holdings USA Johnson Controls USA Johnson Matthey United Kingdom NextEra Energy USA Novozymes Denmark Schneider Electric France Scottish & Southern United Kingdom Vestas Wind Systems Denmark Material Events & Transactions Following the fifteenth opportunity for shareholders to convert their subscription shares, 374 subscription shares were converted into ordinary shares on 8 May 2013. There were no other material events or transactions during the three months to 31 July 2013 nor was the Company involved in any material transactions during the period other than the purchase and sale of securities undertaken in the normal course of its business. Between 31 July 2013 and the date of publication of this interim management statement, the sixteenth opportunity for shareholders to convert their subscription shares took place, when 14,838 subscription shares were converted into ordinary shares on 7 August 2013. Following this conversion, there were 234,985,619 ordinary shares (excluding shares held in treasury) and 45,614,192 subscription shares in issue. Half Yearly Financial Report The Company announced its half yearly financial results for the six months ended 30 April 2013 on 25 June 2013. Net Asset Value The Company announces its NAV on a daily basis, which can be accessed via http://www.blackrock.co.uk/brne, under the "Announcements" tab. The unaudited net asset value for BlackRock New Energy Investment Trust plc at close of business on 28 August 2013 was: Capital only: 43.04p Including income: 43.41p The Board is not aware of any other material events or transactions occurring between 31 July 2013 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Contact details: Barbara Powley Company Secretary Tel: 020 7743 5610 30 August 2013 ENDS Please note that more detailed performance information is available on the Investment Manager's website: www.blackrock.co.uk/brne. Neither the contents of the Manager's website nor the contents of any website accessible from hyperlinks on the Manager's website (or any other website) is incorporated into, or forms part of, this announcement.
Copyright t 30 PR Newswire
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