REG - Starvest PLC - Net Asset Value at 31 March 2023

StarvestAnnouncement

03/04/2023 14:30

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RNS Number : 1955V  Starvest PLC  03 April 2023

03 April 2023

 

 

Starvest Plc ("Starvest" or the "Company")

 

Net Asset Value at 31 March 2023

 

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining
and resources investment company, announces a Net Asset Value ("NAV") update
as at 31 March 2023.

Mark Badros, CEO, commented: "Subsequent to our recent NAV announcement and
our annual general shareholders' meeting on 21 March 2023, we are providing
our regular quarterly announcement. We appreciate investors' interest in
Starvest's story and look forward to sharing future updates on the progress of
our existing portfolio companies and other opportunities to create value for
our shareholders."

The NAV as at 31 March 2023 and certain prior periods were as follows:

                                          31 Mar 2023  31 Dec 2022  31 Mar 2022
 Trading Portfolio Value                  £6.5m        £6.8m        £11.6m
 Company NAV                              £6.8m        £7.1m        £11.8m
 NAV per Share                            11.6 pence   12.2 pence   20.3 pence
 Share price - mid                        8.0 pence    7.5 pence             13.5 pence
 Share price discount to net asset value  31%          39%          33%
 Market capitalisation                    £4.7m        £4.4m        £7.9m

 

Portfolio holdings are valued using their closing market prices as of the date
shown.

Starvest is a specialist mining and resource investment company and has the
industry knowledge and market exposure to select compelling opportunities
early in the investment cycle.

Investors are encouraged to view our RNS feed on the Starvest web site
www.starvest.co.uk/announcements (http://www.starvest.co.uk/announcements)

Investors are also encouraged to follow and review the RNS and other news
flows issued or otherwise disseminated by Greatland Gold plc, an investee
company which constitutes substantially the largest portion of Starvest's
trading portfolio value and whose share price can influence that of Starvest.
https://greatlandgold.com/investors/regulatory-news/
(https://greatlandgold.com/investors/regulatory-news/)

 

Mark Badros

Chief Executive Officer

03 April 2023

 

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto  01483 413 500

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