Ecofin Water & Power Opps PLC Net Asset Value(s) (4669B)

TIDMECWO

RNS Number : 4669B

Ecofin Water & Power Opps PLC

16 June 2016

ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")

The Company announces that at the close of business on 15 June, 2016, the un-audited Net Asset Values per Ordinary Share and ZDP Share were:-

 
 Share Class                    NAV (p)   Increase/(Decrease)   Absolute Movement 
                                                            %                 (p) 
                     (inc undistributed 
                               revenue) 
 Ordinary Shares                 149.80                 -4.33               -6.78 
 Ordinary Shares 
  Diluted*                          n/a                   n/a                 n/a 
 
 
   ZDP Shares                    159.14                  0.13                0.20 
 

*The Company's 6% Convertible Unsecured Subordinated Loan Stock 2016 in issue will not necessarily dilute the Ordinary Shares' Net Asset Value but may do so. Where no dilution of NAV takes place the value boxes on this line will show "not applicable". A diluted NAV assumes that the 6% Convertible Unsecured Subordinated Loan Stock has been converted at the conversion price of 172.6445p.

 
 Fund values (rounded)                GBP'000   GBP'000 
                                     -------- 
 Total Assets (less cash at bank)               414,220 
 
 Cash at Bank                                    90,853 
 
 Total Assets                                   505,073 
 
 Borrowings: 
 Prime Brokerage                       15,523 
 6% CULS 2016                          79,645 
 ZDP Shares                            95,485 
                                     -------- 
                                                190,653 
 
 Net Assets (Ordinary Shareholders 
  Funds)                                        314,420 
 
 Gearing (net debt/net assets) **                 31.7% 
-----------------------------------  --------  -------- 
 

** Net debt is bank debt, the Convertible Unsecured Subordinated Loan Stock and the Zero Dividend Preference Shares, less cash at bank, including brokers net outstanding balances.

Notes:

The total assets of the Company include approximately GBP5.1m in bonds. Adjusted for this, the total equity exposure of the Company is 130.1% of net assets.

BNP Paribas Secretarial Services Limited

Company Secretary

Tel: [phone]

16 JUNE, 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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June 16, 2016 11:40 ET (15:40 GMT)