RNS Number : 3231J
Ecofin Water & Power Opps PLC
03 August 2012



ECOFIN WATER & POWER OPPORTUNITIES PLC










It is announced that at the close of business on 1 August 2012, the un-audited Net Asset Values per Ordinary Share and ZDP Shares of the above investment trust company were:-







Share Class

NAV (p)

NAV (p)

Increase / (Decrease)

Absolute movement


(exc. undistributed revenue)

(inc. undistributed revenue)

(inc. undistributed revenue) %

(inc. undistributed revenue) pence


Ordinary Shares

162.50

164.94

0.15

0.24


Ordinary Shares (dilutive)*

n/a

n/a

n/a

n/a

ZDP Shares

121.59

121.59

0.02

0.02








he Company's 6% Convertible Unsecured Loan Stock 2016 in issue will not necessarily dilute the Ordinary Shares' Net Asset Value but may do so. Where no dilution of NAV takes place the value boxes on this line will show "not applicable". A diluted NAV assumes that the 6% Convertible Unsecured Loan Stock has been converted at the conversion price of 172.6445p.







Fund Values (rounded)

£ '000

£ '000










Total Assets (less cash at bank)


531,582










Cash at Bank


5,526










Total Assets


537,108
















Prime Brokerage borrowing

38,975





6% CULS 2016

79,122





ZDP Shares

72,956







191,053










Net Assets (Ordinary Shareholders Funds)


346,055




Gearing (net debt/net assets) *


53.6%




Net debt is Prime Brokerage borrowing, the Convertible Unsecured Loan Stock and the Zero Dividend Preference Shares, less cash at bank

Note:






The total assets of the Company include approximately £47.6m in bonds. Adjusted for this, the total equity

exposure of the Company is 139.9% of net assets.


This information is provided by RNS
The company news service from the London Stock Exchange
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