| Mon 16 Apr 2012, 17:30 | | REI - Reinet Investments S.C.A. Depositary Receipts - Net Asset Value of Reinet |
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REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Net Asset Value of Reinet
fund S.C.A., F.I.S. AS AT 31 March 2012
Reinet Investments S.C.A. Depositary Receipts
issued by Reinet Securities SA
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2012
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 March 2012 as follows:
Quote
Reinet Fund S.C.A., F.I.S. (`the Fund`)
Net asset value statement as at 31 March 2012
As at 31 March 2012, the net asset value (`NAV`) of the Fund amounted to EUR 3
653.2 million, an increase of EUR 80.6 million from 31 December 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 March 2012. 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 March 2012. 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.
16 APRIL 2012
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 16/04/2012 17:30:01 Produced by the JSE SENS Department.
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