Repayment of Bank Borrowings
December 30 2003 - 7:10AM
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 �
26,451 to Bank of Scotland and �20,417 to Lloyds TSB. Following these
repayments the Company has total assets (valued at mid-market prices) as at 29
December 2003 of �22.3 million, total borrowings of �14.4 million and net
assets of �7.9 million (28.2p per ordinary share). The indicative breakage
costs on the outstanding loans total �0.5 million.
The Company's assets and liabilities are as follows:
�m
Quoted Investments 22.085
Net Current Assets 0.189
Total Assets 22.274
Total Borrowings 14.416*
*�8.201 million with Bank of Scotland and �6.215 million with Lloyds TSB.
30 December 2003
END