Scottish Mortgage Inv Tst PLC Net Asset Value(s)

RNS Number : 9202P

Scottish Mortgage Inv Tst PLC

12 December 2024

 

Scottish Mortgage Investment Trust PLC (SMT)	11 December 2024
Legal Entity Identifier : 213800G37DCS3Q9IJM38
Cum Par NAV	1076.34p	XD
Cum Fair NAV	1102.96p	XD
Ex Par NAV	1076.84p
Ex Fair NAV	1103.45p
The fair value of long term borrowings is calculated weekly, using methodologies consistent with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.
Short-term borrowings are valued at par.
Net Asset Values are unaudited, and calculated in accordance with published accounting policies and AIC guidelines.
Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.
Cum Fair NAV: Net asset value per share in pence, including income, with debt at fair value.
Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.
Ex Fair NAV: Net asset value per share in pence, excluding income, with debt at fair value.

 

 

Update on Net Asset Value and adjustment to investment in Space Exploration Technologies Corporation ("SpaceX")

 

The Board notes recent press reports regarding a potential SpaceX employee tender offer. Today, the Board has been advised by the Manager of a trigger event that requires an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on December 11, 2024 stands at 1,102.96p (cum fair).

 

Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 7.2% at close of business on December 11, 2024, compared with 5.1% on November 30, 2024 and 4.8% on October 31, 2024.

 

 

 

Baillie Gifford & Co Limited

12 December 2024

 

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