Utilico Emerging Markets Trust PLC Portfolio update (1806U)
24 Marzo 2023 - 12:10PM
UK Regulatory
TIDMUEM
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 GBP9.9m 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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END
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