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ER - MANAGEMENT STATEMENT FOR THE THIRD QUARTER ENDED 31 DECEMBER 2024

Company: ReinetInvest Date: 2025-01-24 Language: English Register to download

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 News Details 

Ad-hoc | 24 January 2025 07:00

#   

MANAGEMENT STATEMENT FOR THE THIRD QUARTER ENDED 31 DECEMBER 2024

The Board of Directors of Reinet Investments Manager S.A. announces the results of Reinet  

Investments S.C.A. for the quarter ended 31 December 2024.

**Key financial data**

-   **Reinet’s net asset value of € 6.9 billion reflects a compound growth rate of 9.2 per cent per annum in euro terms, since March 2009, including dividends paid**  
    
-   **The net asset value at 31 December 2024 reflects an increase of € 338 million or 5.1 per cent from € 6 591 million at 30 September 2024**  
    
-   **Net asset value per share at 31 December 2024: € 38.12 (30 September 2024: € 36.25)**  
    
-   **Commitments totalling € 41 million in respect of existing investments were made during the quarter, with a total of € 41 million funded**  
    
-   **Dividend from British American Tobacco p.l.c. in the quarter amounted to € 31 million**
-   **Sale of 5 million British American Tobacco p.l.c. shares in the quarter realising proceeds of € 179 million**
    
-   **In January 2025, Reinet sold its remaining 43.3 million shares in British American Tobacco p.l.c. realising proceeds of € 1 448 million**
    

*Reinet Investments S.C.A. (the ‘Company’) is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. (‘Reinet Fund’), a specialised investment fund also incorporated in Luxembourg. The Company’s ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange; the listing on the Johannesburg Stock Exchange is a secondary listing. The Company’s ordinary shares are included in the ‘LuxX’ index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund’s subsidiaries are referred to as ‘Reinet’.*

**Cautionary statement regarding forward-looking statements**  

*This document contains forward-looking statements which reflect the current views and beliefs of the Company, as well as assumptions made by the Company and information currently available. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside Reinet’s control. The Company does not undertake to update, nor does it have any obligation to provide updates or to revise, any forward-looking statements.*

**Reinet Investments S.C.A.  

R.C.S. Luxembourg B 16 576  

Legal Entity Identifier : 222100830RQTFVV22S80**  

Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10, Fax (+352) 22 72 53  

Email: [info@reinet.com](mailto:info@reinet.com) , website: [www.reinet.com](https://www.reinet.com/)

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