REG - Starvest PLC - Net Asset Value(s)

StarvestAnnouncement

04/07/2023 07:00

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RNS Number : 8147E  Starvest PLC  04 July 2023

04 July 2023

 

 

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

 

Net Asset Value at 30 June 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 30 June 2023.

Mark Badros, CEO, commented: "As we provide our regular quarterly NAV
announcement as of 30 June 2023, we would like to record our appreciation of
our investors' continued interest in Starvest's story. Especially during
intermittent periods of relatively lower trading activity in our shares, we
remain focused on our investee companies that are building value through their
operating activities and continue to explore ways to realize value for our
shareholders."

The NAV as at 30 June 2023 and certain prior periods were as follows:

                                          30 Jun 2023  31 Mar 2023  30 June 2022
 Trading Portfolio Value                  £6.0m        £6.5m        £8.1m
 Company NAV                              £6.2m        £6.8m        £8.3m
 NAV per Share                            10.7 pence   11.6 pence   14.2 pence
 Share price - mid                        7.0 pence    8.0 pence             10.5 pence
 Share price discount to net asset value  34%          31%          26%
 Market capitalisation                    £4.1m        £4.7m        £6.1m

 

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.
www.greatlandgold.com/media/investor-news/
(http://www.greatlandgold.com/media/investor-news/)

 

Mark Badros

Chief Executive Officer

04 July 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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