NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2024

Reinet Investments SCA / Key word(s): Quarter Results NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2024 26-Apr-2024 / 07:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. 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 2024 as follows:

 

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Reinet Fund S.C.A., F.I.S. (‘Reinet Fund’)

 

Net asset value per share as at 31 March 2024

 

As at 31 March 2024, the net asset value (‘NAV’) per share of Reinet Fund amounted to € 36.11 (31 December 2023: € 33.47) based on 171.3 million shares in issue.

 

The entire ordinary share capital of Reinet Fund of 171.3 million shares is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in Reinet Fund are held by Reinet Fund Manager S.A.

 

As at 31 March 2024, the NAV amounted to € 6 185 million, an increase of € 451 million from 31 December 2023.

 

The NAV reflects Reinet Fund’s shareholding in Pension Insurance Corporation Group Limited, 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 31 March 2024. The NAV calculation is subject to completion of the year-end audit.

 

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The NAV of Reinet Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March 2024. 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 Reinet Fund. As such, the NAV of Reinet Investments S.C.A. differs from that of Reinet Fund.