REG - Literacy Capital PLC - Quarterly NAV Announcement

Literacy CapitalAnnouncement

27/04/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220427:nRSa4449Ja&default-theme=true

RNS Number : 4449J  Literacy Capital PLC  27 April 2022

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any
member state of the European Economic Area, Canada, Australia, Japan or the
Republic of South Africa.

 

This announcement contains inside information.

 

27 April 2022

 

Literacy Capital plc ("Literacy" or the "Company")

 

Quarterly NAV Announcement

 

Net Asset Value

 

The Company announces that as at 31 March 2022 the unaudited net asset value
("NAV") per ordinary share was 320.0 pence (319.3 pence per ordinary share on
a fully diluted basis, taking account of warrants currently in issue to
subscribe for ordinary shares).

 

This represents a 15.4%, or 42.8p per share, uplift since 31 December 2021
when NAV per ordinary share was 277.2p.

 

The above NAV calculation is based on the Company's issued ordinary share
capital as at 31 March 2022 of 60,000,000 ordinary shares of £0.001 each.
Further, the NAV per ordinary share calculation currently excludes certain
deferred tax liabilities shown in the Company's accounts on the basis that
those amounts are not expected to become payable in the future should the
Company receive approval of its investment trust status. In the event that the
Company does not receive such approval, the deferred tax liabilities will need
to be taken into account in calculating the NAV per ordinary share going
forward.

 

 

Factsheet

 

The Company's factsheet for the three months to 31 March 2022 is now available
on the Company's website: www.literacycapital.com/investors

 

-ENDS-

 

 

For further information, please contact:

 

Literacy Capital plc / Literacy Capital Asset Management LLP:

 

Tom Vernon

 

+44 (0) 20 3960 0280

 

Singer Capital Markets Securities Limited:

 

Robert Peel / Amanda Gray

 

+44 (0) 20 7496 3000

 

LEI: 2549006P3DFN5HLFGR54

 

A copy of this announcement will be available on the Company's website at
https://www.literacycapital.com/.

 

The information contained in this announcement regarding the Company's
investments has been provided by the relevant underlying portfolio company and
has not been independently verified by the Company. The information contained
herein is unaudited.

 

This announcement is for information purposes only and is not an offer to
invest. All investments are subject to risk.  Past performance is no
guarantee of future returns.  Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making any
investment decision.  The value of investments may fluctuate.  Results
achieved in the past are no guarantee of future results. Neither the content
of the Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published by means of
a recognised information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to hold, or
dispose of, securities in the Company.

 

 

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  NAVBCGDSCUDDGDL