REG - Geiger Counter Ltd Geiger Counter - GCS - Net Asset Value(s)

Geiger CounterAnnouncement

Wed 17:30

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RNS Number : 3084D  Geiger Counter Ltd  06 May 2026

Geiger Counter Limited

(the "Company")

Net Asset Value

 

Geiger Counter Limited (LSE: GCL) announces that as at the close of business
on 06 May 2026 its unaudited net asset value ("NAV") per ordinary share
("Share") was as follows:

 

 Date of announcement           06 May 2026
 Date of NAV                    05 May 2026
 NAV per share - undiluted      86.00
 NAV per share - fully diluted  83.36
 No of voting shares in issue   118,987,880
 Subscription Exercise Price    94.26 pence per share
 Next Subscription Date         1 May 2027

 

*Notes relating to the NAV dilution

The dilution is in relation to the effect of the Company's embedded annual
Subscription Right, including the placing of the unsubscribed shares (the
"Rump"). Shareholders should note that the dilution refers to the NAV per
share dilution, not to the dilution of Shareholders' holdings in the Company.
All Shareholders have the right to take up their subscription rights on 1 May
in each year and those who do take them up in full don't have their percentage
holding in the Company diluted. For those investors who don't take up their
subscription rights, the Company endeavours to place in the market the shares
that they were entitled to subscribe for, and then return the net sale
proceeds to those investors as a way to deliver to them as much as possible of
the value of their subscription rights, therefore reducing the dilution effect
of not subscribing.

 

About the annual Subscription Right

Shareholders have the right to subscribe for one new Ordinary Share for every
five Ordinary Shares held in the Company on the Record Date. The exercise
price is equal to the undiluted NAV per share on 30 April one year prior. The
aim of the programme is to enable to Company to grow through share issuance
and it is subject to shareholder review at each annual general meeting.

 

Enquiries

Manulife | CQS Investment Management

Craig Cleland +44 (0) 20 7201 5368

 

Cavendish Capital Markets Limited

Daniel Balabanoff / Pauline Tribe (Sales +44 (0) 20 7720 0500)

Tunga Chigovanyika (Corporate Finance Director +44 (0) 20 7397 1915)

 

Summit Fund Services Jersey Limited

Christopher Foulds +44 (0) 1534 825 259

 

About Geiger Counter Limited

 

Geiger Counter Limited is a closed-ended investment company incorporated with
limited liability in Jersey. The Company's investment objective is to provide
attractive returns to Shareholders principally in form of capital growth,
through investment in companies involved in the exploration, development and
production or uranium to supply the nuclear power industry.

 

For the latest factsheet and other information, click here
(https://ncim.co.uk/geiger-counter-ltd/) .

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