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Annual Results

BBGI net asset value up

24 March 2016 09:10

BBGI SICAV reports a 3.13% increase in net asset value on an investment basis to GBP479.84 million in the year to the end of December (GBP465.29 million - 31 December 2014).

Investment basis NAV per share rose to 111.5 pence (109.2 pence - 31 December 2014) which represents an increase of 2.05%.

During the year the board increased the dividend target. 2015 interim dividend of 3.00 pence per share paid on 29 October 2015 and further dividend of 3.00 pence per share proposed for year ended 31 December 2015, giving total distributions of 6.00 pence per share for the year. This represents a 4.17% increase from the prior year.

At 31 December 2015 the Group had a total cash balance of £23.24 million and total borrowings outstanding of £45.22 million equating to a net debt position of £21.98 million.

The portfolio has increased from 36 projects to 38 projects with fair market value c. £504.8 million at 31 December 2015, with additional equity of £54.5 million committed and/or invested during the year.

At 9:10am: (LON:BBGI) BBGI Sicav S.A. share price was +0.13p at 131.63p

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