Net Asset Value(s)
August 01 2007 - 7:55AM
UK Regulatory
RNS Number:3210B
Royal London UK Eqty&Income Tst PLC
01 August 2007
ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")
As at close of business on 27 July 2007, the unaudited net asset value ("NAV")
per share class of
the Company calculated in accordance with the AIC formula was:
NAV per Ordinary Share excluding current financial year revenue items = 39.08
pence*
NAV per Annuity Share = 75.00 pence
ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")
As at close of business 27 July 2007, the NAV per Zero Dividend Preference
share of the Subsidiary, a wholly owned subsidiary of the Company = 163.54
pence.
*Notes:
1. The investments are valued at bid and the bank loan is included at fair
value.
2. Consent of the Annuity Shareholders to a winding up prior to their redemption
date of 14
September 2021 may require that Annuity Shareholders are paid an amount
equivalent to
at least the yield of 8.2% per annum. For illustrative purposes only, if a
voluntary winding-up
of the Company were to occur on 14 September 2008, when the Zero Dividend
Preference
Shares of the Subsidiary are to be repaid, a payment of 95.3p per Annuity
Share would be
required in order to achieve the yield of 8.2% per annum on the Annuity
Shares which would
reduce the amount attributable to the Ordinary Shareholders by 8.7p per
Share.
BNP Paribas Secretarial Services Limited
Secretary
1 AUGUST 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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