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

 

 

 

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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