Literacy Capital PLC Quarterly NAV Announcement (4831Q)

TIDMBOOK

RNS Number : 4831Q

Literacy Capital PLC

28 October 2021

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

This announcement contains inside information.

28 October 2021

Literacy Capital plc ("Literacy" or the "Company")

Quarterly NAV Announcement

Net Asset Value

The Company announces that as at 30 September 2021 the unaudited net asset value ("NAV") per ordinary share was 245.3 pence (245.0 pence per ordinary share on a fully diluted basis, taking account of warrants currently in issue to subscribe for ordinary shares).

This represents a 34.0%, or 62.3p per share, uplift since 30 June 2021 when NAV per ordinary share was 183.1p.

The above NAV calculation is based on the Company's issued ordinary share capital as at 30 September 2021 of 60,000,000 ordinary shares of GBP0.001 each. Further, the NAV per ordinary share calculation currently excludes certain deferred tax liabilities shown in the Company's accounts on the basis that those amounts are not expected to become payable in the future should the Company receive approval of its investment trust status. In the event that the Company does not receive such approval, the deferred tax liabilities will need to be taken into account in calculating the NAV per ordinary share going forward.

Factsheet

The Company's factsheet for the three months to 30 September 2021 is now available on the Company's website: www.literacycapital.com/investors

-ENDS-

For further information, please contact:

Literacy Capital plc / Literacy Capital Asset Management LLP:

Tom Vernon

[phone]

Singer Capital Markets Securities Limited:

Robert Peel / Amanda Gray

[phone]

LEI: 2549006P3DFN5HLFGR54

A copy of this announcement will be available on the Company's website at https://www.literacycapital.com/.

The information contained in this announcement regarding the Company's investments has been provided by the relevant underlying portfolio company and has not been independently verified by the Company. The information contained herein is unaudited.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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October 28, 2021 02:00 ET (06:00 GMT)