Company name Grafton Resource Inv
Headline NAV Prices


RNS Number : 7169J
Grafton Resource Investments Ltd
09 August 2012
 



COMPANY ANNOUNCEMENT



For Immediate Release

9 August 2012



GRAFTON RESOURCE INVESTMENTS LIMITED



RE: NAV Prices

                                                                                         

 

The Directors of Grafton Resource Investments Limited (the "Fund") wish to announce the following Net Asset Value (NAV) for the Fund as at 31 July 2012:

 

NAV as at 31 July 2012 in accordance with International Accounting Standards (IAS) - US$24.33 per share

 

NAV as at 31 July 2012 treating the convertible loan note as wholly repayable - US$22.74 per share

 

NAV is computed on the basis of 1,763,002 shares in issue 

 

Note: 

 

The difference between the two NAVs is the treatment of US$2,795,000.00 equity part of the convertible loan notes arising upon the application of IAS being treated as a repayable debt obligation.

 

The annual management charge will be calculated on the basis of the NAV treating the convertible loan notes as wholly repayable.

 

 

Enquiries:




NCB Stockbrokers Limited

Margot McDonagh

Phone: +353 1 611 5907