Lindsell Train Investment Trust PLC Net Asset Value(s) (1134J)
07 Aprile 2020 - 5:14PM
UK Regulatory
TIDMLTI
RNS Number : 1134J
Lindsell Train Investment Trust PLC
07 April 2020
THE LINDSELL TRAIN INVESTMENT TRUST PLC
It is announced that the un-audited Net Asset Value (inclusive
of accumulated income) of The Lindsell Train Investment Trust plc,
which is managed by Lindsell Train Limited, at the close of
business on the below date was as follows:
31 March 2020 GBP956.6488 per Ordinary share
Please Note: The above NAV figure includes a revised valuation
for LTIT's holding of 6,450 shares in Lindsell Train Limited
("LTL"). As at 31 March 2020, these shares were valued at
GBP13,872.68 per share, a decrease of 13.22% from the valuation of
GBP15,986.03 per share as at the previous valuation on 29 February
2020. Funds under management at LTL at 31 March 2020 stood at
GBP18,240 million.
In calculating the value of Lindsell Train Limited ('LTL') the
board has amended its valuation formula for the 31st March
valuation by estimating LTL's annual notional earnings based on
31st March 2020 LTL funds under management. This captured the full
effect on the earnings of the company from the recent sharp fall in
markets.
Previously, monthly valuations have been based on annualised
notional earnings of LTL for the three months preceding the month
of valuation (December, January and February for the 31st March
valuation). If the earnings component of the LTL valuation formula
had not been amended LTL's value would have been GBP15,363.12 per
share.
Maitland Administration Services Limited - Corporate
Secretary
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END
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April 07, 2020 11:14 ET (15:14 GMT)
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