9 Jul 2010 14:11
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| ECOFIN WATER & POWER OPPORTUNITIES PLC |
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| It is announced that at the close of business on 7 July 2010, the un-audited Net Asset Values | |||||
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| per Ordinary Share and ZDP Shares of the above investment trust company were:- | |||||
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| Share Class | NAV (p) | Increase / (Decrease) | Absolute movement |
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| (inc. undistributed revenue) | % | (p) |
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| Ordinary Shares | 158.87 | 0.52 | 0.82 |
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| Ordinary Shares (dilutive)* | 158.87 | 0.52 | 0.82 | ||
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| ZDP Shares | 106.56 | 0.12 | 0.13 |
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| \* The Company's Subscription Shares and 6% Convertible Unsecured Loan Stock 2016 in issue may, but | |||||
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| not necessarily will, dilute the Ordinary Shares Net Asset Value. | |||||
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| Where no dilution of Net Asset Value takes place the value box on this line will indicate "not applicable". | |||||
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| The diluted NAV assumes that the subscription shares rights have been exercised at 172p, being the exercise price for the period 1 June 2010 to 31 May 2011 (both dates inclusive) and that the 6% Convertible Unsecured Loan Stock has been converted at the conversion price of 172.6445p. | |||||
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| Fund Values (rounded) | £ '000 | £ '000 |
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| Total Assets (less cash at bank) |
| 513,385 |
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| Cash at Bank |
| 7,881 |
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| Total Assets |
| 521,266 |
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| Borrowings: |
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| Prime Brokerage | 43,153 |
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| 6% CULS 2016 | 79,998 |
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| ZDP Shares | 63,939 |
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| 187,089 |
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| Net Assets (Ordinary Shareholders Funds) |
| 334,177 |
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| Gearing (net debt/net assets) |
| 53.6% |
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| NB: The assets of the company include approximately £55.8m in bonds, and put options representing | |||||
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| approximately £4.4m on a delta adjusted basis. Adjusted for these two components, the total equity | |||||
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| exposure of the Company is 135.61% of net assets. | |||||
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| Phoenix Administration Services Limited |
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| Company Secretary |
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