REG - Law Debenture Corp - Net Asset Value(s)
Mon 14:30
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260302:nRSB9802Ua&default-theme=true
RNS Number : 9802U Law Debenture Corp PLC 02 March 2026
The Law Debenture Corporation p.l.c.
Net Asset Value as at 27 February 2026
The Law Debenture Corporation p.l.c. announces that its Net Asset Value
("NAV") with borrowings at par and including the fair value of IPS business(1)
on 27 February 2026 was 1,140.51 pence per share (cum income). With the
Corporation's long term debt stated at fair value, the NAV was 1,173.32 pence
per share (cum income). The mid-market price at the close of business on 27
February 2026 was 1,200.00 pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 1,138.88 1,140.51
NAV with debt at fair value 1,171.69 1,173.32
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par)(2) 9.3 36.2 59.2 96.4 216.1
NAV total return (with debt at fair value)(2) 8.8 34.9 58.2 111.6 231.8
FTSE Actuaries All-Share Index Total Return(3) 9.7 27.3 51.6 88.7 151.0
Share price total return(3) 13.9 37.3 58.7 108.2 293.1
Change in Retail Price Index(4) -0.5 3.1 11.5 37.9 56.3
(1) The fair value of the IPS business has been calculated as at 30 June 2025.
(2) NAV is calculated in accordance with the Association of Investment
Companies (AIC) methodology, based on performance data held by Law Debenture
including fair value of IPS business and long-term borrowings. NAV is shown
with debt measured at par and with debt measured at fair value.
(3) Share Price source: Refinitiv.
(4) Source: Office for National Statistics, subject to latest published RPI,
January 2026.
Geographical Split of investment portfolio
Region % of portfolio % of portfolio
27 February 2026 31 December 2025
UK 89.7 89.9
Europe 5.1 4.5
North America 3.9 4.3
Japan 1.0 1.0
Other 0.3 0.3
TOTAL 100 100
Full Portfolio Listing
As at 27 February 2026 the full holdings of the portfolio comprised of the
following:
Holding Name Location Sector Industry £000 %
HSBC UK Financials Banks 60,418 4.08
Barclays UK Financials Banks 52,525 3.55
Rio Tinto UK Basic Materials Mining 38,509 2.60
Shell UK Oil & Gas Oil & gas producers 38,413 2.60
GlaxoSmithKline UK Health Care Pharmaceuticals & biotechnology 36,080 2.44
Standard Chartered UK Financials Banks 28,134 1.90
Senior UK Industrials Aerospace & defence 27,817 1.88
BP UK Oil & Gas Oil & gas producers 27,226 1.83
National Grid UK Utilities Gas, water & multiutilities 23,522 1.58
Rolls Royce UK Industrials Aerospace & defence 21,661 1.46
Balfour Beatty UK Industrials Construction & materials 20,981 1.41
Kingfisher UK Consumer Goods Household goods & home construction 20,555 1.38
IMI UK Industrials Industrial engineering 19,800 1.33
Relx UK Consumer Services Media 19,631 1.32
Lloyds Banking Group UK Financials Banks 19,466 1.31
Ceres Power UK Oil & Gas Oil equipment services & distribution 19,095 1.29
M & G UK Financials Financial services 19,050 1.28
Marks & Spencer UK Consumer Services General retailers 19,032 1.28
J Sainsbury UK Consumer Services General retailers 18,672 1.26
Flutter Entertainment UK Consumer Services Travel & leisure 18,504 1.25
Kier UK Industrials Construction & materials 18,147 1.22
Anglo American UK Basic Materials Mining 17,928 1.21
Tesco UK Consumer Goods Food & Drug Retailers 17,791 1.20
Aviva UK Financials Life insurance/assurance 17,643 1.19
NatWest UK Financials Banks 17,630 1.19
Prudential UK Financials Life insurance/assurance 17,442 1.17
BT Group UK Telecommunications Fixed Line Telecommunications 17,336 1.17
Hill & Smith UK Industrials Industrial engineering 15,841 1.07
BAE Systems UK Industrials Aerospace & defence 15,840 1.07
Segro UK Financials Real estate investment trusts 15,559 1.05
Boku UK Industrials Support services 15,348 1.03
Irish Continental Group Ireland Consumer Services Travel & leisure 15,343 1.03
Herald Investment Trust UK Financials Equity investment instruments 15,330 1.03
Toyota Motor Corporation Japan Consumer Goods Automobiles & parts 14,975 1.01
International Consolidated Airlines UK Consumer Services Travel & leisure 14,561 0.98
Infineon Technologies Germany Industrials Electronic & electrical equipment 14,414 0.97
Shaftesbury Capital UK Financials Real estate investment trusts 14,282 0.96
Severn Trent UK Utilities Gas, water & multiutilities 14,246 0.96
Land Securities UK Financials Real estate investment trusts 14,053 0.95
Hiscox UK Financials Nonlife insurance 13,993 0.94
Babcock UK Industrials Aerospace & defence 13,536 0.91
Johnson Matthey UK Other Sustainable Energy 13,078 0.88
Cranswick UK Consumer Goods Food producers 12,952 0.87
International Personal Finance UK Financials Financial services 12,746 0.86
Vodafone UK Telecommunications Mobile telecommunications 12,590 0.85
British Land Company UK Financials Real estate investment trusts 12,240 0.82
IP Group UK Financials Financial services 12,160 0.82
Morgan Advanced Materials UK Industrials Electronic & electrical equipment 12,075 0.81
Hammerson UK Financials Real estate investment trusts 11,741 0.79
AFC Energy UK Oil & Gas Alternative Energy 11,354 0.76
Smith & Nephew UK Health Care Health care equipment & services 11,238 0.76
General Motors USA Consumer Goods Automobiles & parts 11,085 0.75
SSE UK Utilities Electricity 10,756 0.72
Phoenix Group Holdings UK Financials Life insurance/assurance 10,717 0.72
VH Global Energy Infrastructure UK Other Sustainable Energy 10,612 0.71
Weir Group UK Industrials Industrial engineering 10,566 0.71
Ibstock UK Industrials Construction & materials 10,439 0.70
Chesnara UK Financials Life insurance/assurance 10,400 0.70
Cummins USA Industrials Industrial engineering 10,390 0.70
Associated British Foods UK Consumer Goods Food producers 10,377 0.70
Freeport-McMoran USA Basic Materials Mining 10,094 0.68
Johnson Service Group UK Industrials Support services 9,999 0.67
ITV UK Consumer Services Media 9,782 0.66
Greencoat UK Wind UK Utilities Electricity 9,495 0.64
SigmaRoc UK Industrials Construction & materials 9,452 0.64
Workspace Group UK Financials Real estate investment trusts 9,342 0.63
Scottish Oriental Smaller Companies Trust UK Financials Equity investment instruments 8,971 0.60
Oxford Nanopore Technologies UK Technology Advanced Medical Equipment & Technology 8,905 0.60
Dunelm UK Consumer Services General retailers 8,870 0.60
London Stock Exchange Group UK Financials Financial services 8,858 0.60
Marshalls UK Industrials Construction & materials 8,726 0.59
HICL Infrastructure UK Financials Equity investment instruments 8,652 0.58
Standard Life Aberdeen UK Financials Financial services 8,235 0.55
Haleon UK Health Care Pharmaceuticals & biotechnology 8,112 0.55
Whitbread UK Consumer Services Travel & leisure 8,060 0.54
Vanquis Banking Group UK Financials Financial services 8,010 0.54
Sabre Insurance Group UK Financials Nonlife insurance 7,878 0.53
Bristol-Myers Squibb USA Health Care Pharmaceuticals & biotechnology 7,630 0.51
Sanofi France Health Care Pharmaceuticals & biotechnology 7,588 0.51
Elementis UK Basic Materials Chemicals 7,477 0.50
Gibson Energy Canada Oil & Gas Oil & gas producers 7,426 0.50
ITM Power UK Oil & Gas Oil equipment services & distribution 7,321 0.49
Roche Switzerland Health Care Pharmaceuticals & biotechnology 6,863 0.46
Zigup UK Industrials Support services 6,836 0.46
Accsys Technologies UK Industrials Construction & materials 6,747 0.45
Inchcape UK Industrials Support services 6,664 0.45
Mondi UK Basic Materials Forestry & paper 6,654 0.45
Great Portland Estates UK Financials Real estate investments & services 6,073 0.41
Safran France Industrials Aerospace & defence 6,049 0.41
Rathbones Group UK Financials Equity investment instruments 5,663 0.38
Invinity Energy Systems UK Oil & Gas Alternative Energy 5,586 0.38
Croda UK Basic Materials Chemicals 5,413 0.36
Oxford Sciences Innovation UKULM Financials Financial services 5,333 0.36
Air Products and Chemicals Canada Oil & Gas Oil & gas producers 5,109 0.34
Ondine Biomedical Canada Health Care Pharmaceuticals & biotechnology 5,004 0.34
Valterra Platinum Other Basic Materials Mining 4,880 0.33
Serica Energy UK Oil & Gas Oil & gas producers 4,830 0.33
Halfords UK Consumer Services General retailers 4,825 0.32
Easyjet UK Industrials Aerospace & defence 4,639 0.31
Marstons UK Consumer Services Travel & leisure 4,615 0.31
Bellway UK Consumer Goods Household goods & home construction 4,597 0.31
Derwent London UK Financials Real estate investment trusts 4,535 0.31
3I INFRASTRUCTURE UK Financials Equity investment instruments 4,494 0.30
Jubilee Metals Group UK Basic Materials Mining 4,372 0.29
Castings UK Industrials Construction & materials 4,263 0.29
Reach UK Consumer Services Media 4,167 0.28
Vertu Motors UK Consumer Services General retailers 4,103 0.28
TT Electronics UK Industrials Electronic & electrical equipment 4,096 0.28
Gelion UK Other Sustainable Energy 3,890 0.26
XP Power UK Technology Technology hardware & equipment 3,782 0.25
Greencore Group Ireland Consumer Goods Beverages 3,660 0.25
ASML Netherlands Technology Technology hardware & equipment 3,491 0.24
Siemens Germany Technology Software & computer services 3,445 0.23
Ilika UK Oil & Gas Alternative Energy 3,309 0.22
Munchener Rueckver Germany Financials Nonlife insurance 3,245 0.22
Next Fifteen Communications Group UK Consumer Services Media 3,030 0.20
Tate & Lyle UK Consumer Goods Food producers 2,825 0.19
Hercules Site Services UK Industrials Construction & materials 2,671 0.18
Deutsche Boerse Germany Financials Financial services 2,377 0.16
Seascape Energy Asia UK Oil & Gas Oil & gas producers 2,220 0.15
SAP Germany Technology Software & computer services 2,184 0.15
Renishaw UK Technology Technology hardware & equipment 2,150 0.14
Watkin Jones UK Consumer Goods Household goods & home construction 2,133 0.14
First Tin UK Basic Materials Mining 1,980 0.13
Grit Real Estate Income Group Guernsey Financials Real estate investment trusts 1,963 0.13
Surface Transforms UK Consumer Goods Automobiles & parts 1,607 0.11
Nestle Switzerland Consumer Goods Food producers 1,594 0.11
Arbuthnot Banking Group UK Financials Financial services 1,455 0.10
ASM International Netherlands Industrials Electronic & electrical equipment 1,380 0.09
Windar Photonics UK Industrials Waste & Environ Svcs & Equip 1,264 0.09
Kone Finland Industrials Electronic & electrical equipment 1,258 0.08
Kistos UK Oil & Gas Oil & gas producers 1,058 0.07
Logistics Development Group UK Industrials Industrial transportation 918 0.06
DSM-Firmenich Netherlands Basic Materials Chemicals 799 0.05
Carclo UK Basic Materials Chemicals 705 0.05
Gran Tierra Energy Canada Oil & Gas Oil & gas producers 662 0.04
Ampeak Energy UK Utilities Electricity 524 0.04
Deltic Energy UK Oil & Gas Oil & gas producers 48
In accordance with UK listing rule 11.7.8, The Law Debenture Corporation
p.l.c. announces that it has no investments in other UK listed closed-ended
investment funds that require to be disclosed.
Released by The Law Debenture Corporation p.l.c., 8th Floor, 100 Bishopsgate,
London, EC2N 4AG (contact Nicola Lambourne, Company Secretariat, 020 7606
5451).
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NAVBSGDXRDGDGLD
Copyright 2019 Regulatory News Service, all rights reservedRecent news on Law Debenture
See all newsREG - Law Debenture Corp - Net Asset Value(s)
AnnouncementREG - Law Debenture Corp - Net Asset Value(s)
AnnouncementREG - Law Debenture Corp - Net Asset Value(s)
AnnouncementREG - Law Debenture Corp - Net Asset Value(s)
AnnouncementREG - Law Debenture Corp - Net Asset Value(s)
Announcement