REG - Utilico Emerging Mkt - Portfolio update

Utilico Emerging Markets TrustAnnouncement

24/03/2023 11:15

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RNS Number : 1806U  Utilico Emerging Markets Trust PLC  24 March 2023

24 March 2023

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

 

Portfolio update

 

The Board of Utilico Emerging Markets Trust plc (the "Company") announces
that, after consultation with the Investment Managers, the carrying value of
investee company Petalite Limited ("Petalite"), in which the Company is a
28.6% shareholder, will be increased to the valuation at the last fundraise
which was effected in June 2022. This increase results in an additional £9.9m
to NAV (4.90p per share) which is reflected in the Company's NAV for Thursday
23 March 2023.

 

The Board is pleased to note the continued strategic developments and
operational progress at Petalite subsequent to the last fundraise and will
update the market on material developments as appropriate.

 

 

Name of contact and telephone number for enquiries:

ICM Investment Management
Limited
+44(0)1372 271486

Charles Jillings / Alastair Moreton

 

Montfort Communications

Gay Collins, Pippa
Bailey
+44(0)20 3770 7913

utilico@montfort.london

 

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