Repayment of Bank Borrowings
November 03 2003 - 11:51AM
UK Regulatory
Exeter Selective Assets Investment Trust PLC
REPAYMENT OF BANK BORROWINGS
The Company has repaid �858,000 of its loan with Bank of Scotland and �642,000
of its loan with Lloyds TSB. Breakage costs incurred in these repayments were �
14,949 to Bank of Scotland and �11,878 to Lloyds TSB. Following these
repayments the Company has total assets (valued at mid-market prices) as at 31
October 2003 of �24.6 million, total borrowings of �17.4 million and net assets
of �7.2 million (25.7p per ordinary share). The indicative breakage costs on
the outstanding loans total �0.3 million.
The Company's assets and liabilities are as follows:
�m
Quoted Investments 23.482
Net Current Assets 1.097
Total Assets 24.579
Total Borrowings 17.416*
*�9.917 million with Bank of Scotland and �7.499 million with Lloyds TSB.
3 November 2003
END