Merian Chrysalis Investment Co. Ltd Portfolio Update (6810Y)

TIDMMERI

RNS Number : 6810Y

Merian Chrysalis Investment Co. Ltd

11 September 2020

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area (other than the Republic of Ireland), Canada,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

This announcement contains inside information.

11 September 2020

Merian Chrysalis Investment Company Limited (the "Company")

Portfolio Update

As announced on 1 September 2020, the Company's net asset value ("NAV") per ordinary share was 137.26p as of 30 June 2020.

Today, the Company announces that it has entered into a transaction to commit approximately GBP23 million of follow-on capital to one of its investments in the portfolio. This round saw significant participation from new investors, as well as strong support from other existing holders.

This transaction has been undertaken at a valuation that represents a material mark up in the Company's current carrying value of the asset. It is anticipated that it will lead to a gross increase in the NAV per ordinary share of approximately 4.4p as compared to the Company's last reported NAV per ordinary share (calculated on the assumption that the achieved sale price is applied to revalue the Company's remaining holding of the asset, using information available to the Company as at today's date).

The details of this transaction currently remain confidential; a further update will be made by the Company in due course.

-ENDS-

 
 For further information, please 
  contact: 
 
  Merian Global Investors: 
  James Simpson                          [phone] 
 Liberum: 
  Gillian Martin / Owen Matthews       [phone] 
 Maitland Administration (Guernsey) 
  Limited: 
  Elaine Smeja                         [phone] 
 

LEI: 213800F9SQ753JQHSW24

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

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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September 11, 2020 02:00 ET (06:00 GMT)