Dunedin Enterprise Inv Trust PLC Q3 Preliminary NAV and Tender Offer Price (7780E)
01 Noviembre 2022 - 1:00AM
UK Regulatory
TIDMDNE
RNS Number : 7780E
Dunedin Enterprise Inv Trust PLC
01 November 2022
Dunedin Enterprise Investment Trust PLC
LEI: 213800E2VLUZ5AF9Z434
Date: 1 November 2022
Time: 7.00am
Preliminary Unaudited Net Asset Value announcement for 30
September 2022
Announcement of Tender Price
The Board of Dunedin Enterprise Investment Trust PLC is pleased
to announce a preliminary unaudited net asset value of 576.6p per
share as at 30 September 2022 (567.5p as at 30 June 2022).
The preliminary unaudited net asset value has been calculated
using the underlying managers' latest valuations (including those
received since 30 September 2022), which remain subject to review
by the Board of Directors.
Based on those valuations, as at 30 September 2022, the
Company's unlisted investments were valued at GBP43.9m. The Company
also held cash balances of GBP29.9m and net current assets of
GBP1.9m making a total net assets position of GBP75.7m. The
finalised net asset value per share will be published around 16
November 2022.
Cash balances following the realisation of RED announced on 7
October 2022 amount to GBP54m.
The Company is due to pay an interim dividend of 34p per share
on 24 November 2022.
The Company sent shareholders a circular on 21 October 2022 (the
"Circular") in relation to a proposed return of up to GBP41m to
shareholders by way of a Tender Offer. In accordance with the terms
of the Tender Offer, the Tender Price and the Basic Entitlement of
shareholders under the Tender Offer has been calculated on the
basis of the 30 September 2022 net asset value, ex-dividend, and
are as follows:
-- Tender Price - 537.1740p per share
-- Basic Entitlement - 58.10 per cent.
The maximum number of shares that will be repurchased under the
Tender Offer is 7,632,536 shares. The Tender Offer is conditional
on the passing of the requisite resolution at the General Meeting
to be held on 16 November 2022.
This announcement contains inside information for the purposes
of Article 7 of the UK version of EU Regulation 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended ("UK MAR"), and is being disclosed
in accordance with the Company's obligations under Article 17 of UK
MAR. Upon publication of this announcement, this inside information
is now considered to be in the public domain.
Capitalised terms used in this announcement have the meanings
given to them in the Circular.
For further information, please contact:
Dunedin LLP
Company Secretary
Email: info@dunedin.com
END
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