REINET INVESTMENTS S.C.A. COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
19 JULY 2019
Net asset value of Reinet Fund S.C.A., F.I.S. as at 30 JUNE 2019
Reinet Investments S.C.A.'s wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has today announced its net asset value as at 30 June 2019 as follows:
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Reinet Fund S.C.A., F.I.S. ('the Fund')
Net asset value statement as at 30 June 2019
As at 30 June 2019, the net asset value ('NAV') of the Fund amounted to € 4 554 million, a decrease of € 321 million from 31 March 2019.
This valuation reflects the Fund's shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 June 2019. The NAV calculation has not been audited.
The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.
The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 June 2019. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including cash and amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
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Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
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Provider/Channel related enquiries cs.switzerland@eqs.com +41 41 763 00 50 |
