Chelverton Growth Trust PLC Net Asset Value(s) (7063N)

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RNS Number : 7063N

Chelverton Growth Trust PLC

10 August 2017

CHELVERTON GROWTH TRUST PLC

The Net Asset Value, based on bid prices, per Ordinary Share of 1p (including current period revenue to (31 July 2017) at close of business on 31 July 2017 was:

 
Per Ordinary Share      80.51p 
Ordinary Share price    63.00p 
Discount to NAV         21.75% 
 
 

This is based on 6,377,088 Ordinary Shares, being the issued capital of 6,377,088 Ordinary Shares, none held in treasury.

PORTFOLIO HOLDINGS

 
     Name of Company              % of Portfolio 
 
1.   CEPS                                  26.25 
2.   Transflex Vehicle Rental              18.88 
3.   Touchstar                             13.13 
4.   Plutus Powergen                       11.17 
5.   Petards                                8.23 
6.   Lombard Risk Management                6.53 
7.   MTI Wireless Edge                      3.84 
     Chelverton Asset Management 
8.    Holdings                              3.23 
9.   Pedalling Forth Limited                3.05 
10.  Main Dental                            2.80 
11.  Universe Group                         1.32 
12.  Security Research                      1.27 
13.  One Horizon Group                      0.30 
14.  Anaxsys Technology                     0.00 
 
                                          100.00 
 

The Board is pleased to announce that the sale of Transflex, the fund's second largest investment, took place on the 2 August. The fund invested in Transflex in January 2012 at the start-up stage, and made three further investments to finance the growth of the business. The total cost of the investment was GBP325,000 and after all expenses a sum of GBP925,409 has been received in cash, equivalent to 2.84 times the original investment. Anticipating the sale, the June valuation already included Transflex at 325p and the eventual sales price, net of expenses, of 333.48p has now been included in the July valuation.

Enquiries:

Jon Carslake - 01392 487056

ISCA Administration Services Limited - Company Secretary

10 August 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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August 10, 2017 11:04 ET (15:04 GMT)