15 January 2021
CEIBA INVESTMENTS LIMITED
(the "Company")
(TICKER CBA, ISIN: GG00BFMDJH11)
Legal Entity Identifier: 213800XGY151JV5B1E88
UNAUDITED NET ASSET VALUE PER SHARE AS AT 30 SEPTEMBER 2020
CEIBA Investments Limited, the largest listed foreign investor solely dedicated to investing in Cuba, announces that its unaudited net asset value per share ("NAV") as at 30 September 2020 was USD1.2888 (30 June 2020: USD1.2893).
Applying the GBP:USD exchange rate as at 30 September 2020 of USD1.2924:GBP1.00 (30 June 2020 USD1.2359:GBP1.00), the unaudited NAV in Sterling was GBP0.9972 (30 June 2020 GBP1.0432) per share.
The Non-IFRS NAV as at 30 September 2020 was USD1.3112 (30 June 2020: USD1.3135) per share or GBP1.0145 (30 June 2020: GBP1.0628) per share. As at 30 September 2020, the IFRS NAV was USD177,431,171 and the Non-IFRS was USD180,514,505. The difference arises because of the treatment of the USD5m funding from Aberdeen Standard Fund Managers Limited, which is being amortised over 5 years.
END OF ANNOUNCEMENT
For further information, please contact:
| Aberdeen Standard Fund Managers Limited Sebastiaan Berger / Evan Bruce-Gardyne
| Tel: +44 (0)20 7463 6000 |
| N+1 Singer James Maxwell / James Moat (Corporate Finance) James Waterlow (Sales)
| Tel: +44 (0)20 7496 3000 |
| JTC Fund Solutions (Guernsey) Limited | Tel: +44 (0)1481 702400 |
www.ceibainvestments.co.uk
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