| Mon 16 Jan 2012, 7:30 | | REI - Reinet Investments S.C.A - Net asset value of Reinet Fund S.C.A. |
|
REI
REI
REI - Reinet Investments S.C.A - Net asset value of Reinet Fund S.C.A.,
F.I.S. as at 31 December 2011
Reinet Investments S.C.A. Depositary Receipts
issued by Reinet Securities SA
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
PRESS RELEASE FOR IMMEDIATE RELEASE
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 DECEMBER 2011
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 31 December 2011 as
follows:
Quote
Reinet Fund S.C.A., F.I.S. (`the Fund`)
Net asset value statement as at 31 December 2011
As at 31 December 2011, the net asset value (`NAV`) of the Fund amounted to
Euro 3 572.6 million, an increase of Euro 389.9 million from 30 September
2011.
This valuation reflects the Fund`s holding of 84 303 670 shares in British
American Tobacco p.l.c., its other investments, cash resources, other assets
and liabilities. The assets and liabilities have been revalued to their fair
values as at 31 December 2011. 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 31 December 2011.
However, the consolidated balance sheet of Reinet Investments S.C.A. will
reflect other parent company assets and liabilities, including amounts
payable to or receivable from the Fund. As such, the net asset value of
Reinet Investments S.C.A. may differ from that of the Fund.
Unquote
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Reinet Investments S.C.A. is a partnership limited by shares incorporated in
the Grand Duchy of Luxembourg and having its registered office at 35
boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg
law on securitisation and in this capacity allows its shareholders to
participate indirectly in the portfolio of assets held by its wholly-owned
subsidiary Reinet Fund S.C.A. F.I.S., a specialised investment fund also
incorporated in Luxembourg. Reinet Investments shares are listed on the
Luxembourg Stock Exchange, Reinet Investments` primary listing, and Reinet
Investments South African Depository Receipts are listed in Johannesburg,
Reinet Investments` secondary listing. Reinet Investments shares are included
in the `LuxX` index of the principal shares traded on the Luxembourg exchange
and the Reinet Investments South African Depositary Receipts are included in
the JSE `Top 40` Share Index.
16 JANUARY 2012
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 16/01/2012 07:30:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
