Management Reports • Oct 3, 2013
Management Reports
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National Storage Mechanism | Additional information
RNS Number : 6682P
Investment Company PLC
03 October 2013
THE INVESTMENT COMPANY PLC
INTERIM MANAGEMENT STATEMENT
Since our capital reorganisation at the end of June when the participating preference shares were all converted into ordinary shares, the net asset value of the ordinary shares has risen modestly but steadily from 341.98p to 356.24p at 27 September.
Our new managers have been cautious about investing into equities the £4.3m cash raised by the placing on 26 June and £1.235m is still uninvested and held in cash. The £500,000 facility with Barclays Bank remains undrawn.
Your Board anticipates declaring a first interim dividend in respect of the three months to 30 September before the end of October which will be payable in November as indicated in my statement of 28 August 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
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