SVE Starvest Plc

TIDMSVE

RNS Number : 4830S

Starvest PLC

11 March 2019

11 March 2019

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

Net Asset Value at 8 March 2019

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, announces a Net Asset Value update as at 8 March 2019 ahead of its AGM on 12 March 2019.

Callum Baxter, Chairman and CEO, commented: 'It is pleasing to see a sustained increase in the portfolio value and net asset value since 31 Mar 2018, which represent gains of more than 75% and 50%, respectively. Despite challenging conditions for the mining sector generally, several of our investee companies continue to deliver strong operating results to create value for shareholders. Overall, the board's outlook is positive and we look forward to meeting shareholders at tomorrow's AGM and discussing the recent positive results.'

The net asset value as at 8 March 2019 was as follows:

 
                              8 March 2019  30 Sept 2018  31 Mar 2018 
 Trading portfolio value          GBP2.08m    GBP1.50m     GBP1.18m 
 Company net asset value          GBP2.16m    GBP1.65m     GBP1.38m 
 Net asset value per share      3.92 pence   3.07 pence   2.61 pence 
 Share price - mid               2.75pence   2.15 pence   2.13 pence 
 Share price discount to 
  net asset value                      30%      30%           18% 
 Market capitalisation            GBP1.52m    GBP1.16m     GBP1.13m 
 

All valuations are based on the closing market prices or lower directors' valuation as described in the 2018 annual report. The discounts applied to close prices at 8 March 2019 totalled GBP212,031.

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

Callum N Baxter

Chairman & Chief Executive

11 March 2019

Enquiries to:

Starvest PLC

Callum Baxter, Chairman/CEO +44 (0)7922 255 933 cbaxter@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker +44 (0)2073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn +44 (0)1483 413 500

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March 11, 2019 08:25 ET (12:25 GMT)

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