Net Asset Value(s)
15/12/2009 1:02pm
UK Regulatory
TIDMDDIT
THE DIRECTORS' DEALING INVESTMENT TRUST PLC
Valuation as at 11 December 2009
The Company announces that the Net Asset Value as at 11 December 2009
(including current period revenue) was 350.7p. It is important to note that
this net asset value is calculated before adjustments for the following two
factors which require further analysis by the new Board of Directors:
1. Note 4 of the Annual report for the period ended 30 June 2009 referred to
an ongoing litigation claim against Unicorn Asset Management. No
provisions for the unpaid costs or potential receipts from this claim and
related matters have been included in the above net asset value
calculation.
2. There has been no adjustment for the dilution from the issue of the
Management Warrants totalling 19,201 for the year ended 30 June 2009. Nor
has any adjustment been made for the Management Warrants due to the 3
December 2009 which are still in the process of calculation and agreement.
The company's investment portfolio consists of the following:
Capital allocated to Legacy Portfolio: GBP 4.3m
Capital allocated to Directors' Dealing Portfolio: GBP 11.6m
Gilts, cash, cash equivalents and working capital: GBP 4.2m
For enquiries:
Midas Investment Management Limited - 0161 228 1709
END