Altern Asset Opps Ld (TLI) - Net Asset Value(s)
RNS Number : 9098Q
Alternative Asset Opps PCC Ltd
12 November 2012
Alternative Asset Opportunities PCC Limited (the "Company")
12 November 2012
The Board of Alternative Asset Opportunities PCC Limited (the "Company")
announces that, on the basis of the 40,000,000 shares in issue on 31st October
2012, the net asset value of the US Traded Life Interests Fund at that date
was 76.5 pence per share.This represents an increase of 0.7 pence per share
from the NAV at 30th September 2012.
The above recognises a profit equivalent to 1.7 pence per share from the three
policy maturities, on two lives, previously announced.It is estimated that
exchange rate movements had a positive impact during the month of 0.2 pence
The recent placing and open offer of 32,000,000 new shares raised £9,746,000
after expenses.Recognising the issue as at 31 October 2012 would lead to a
net asset value on a pro forma basis of 56.0 pence per share.
Following conversion into US dollars, the net proceeds from the issue amounted
to US$15,600,000, and this has been repaid to Allied Irish Banks.In
addition, US$2,800,000 from one of the above policy maturities has been
received and repaid to Allied Irish Banks.As a result, the Company's total
borrowings now stand at US$788,906.
As a result of the above repayment to Allied Irish Banks, the loan agreement
has been extended to 31st March 2014, in accordance with the recent prospectus
and is expected to cover the Company's financing needs to that date.
Peter Ingram Tel: 020 7065 1467
This information is provided by RNS
The company news service from the London Stock Exchange
NAVGGGUGGUPPGCP -0- Nov/12/2012 14:15 GMT
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