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The Board of LMS Capital plc (the “Company”) is pleased to announce the Company’s annual results for the year ended 31 December 2020.

Financial Highlights
 Net Asset Value
  • The net asset value (“NAV”) at 31 December 2020 was £47.9 million, 59.4 pence per share (31 December 2019: £56.0 million, 69.3 pence per share); and
  • Adjusting for the impact of dividends to shareholders, NAV over the year reduced by a net £4.4 million, 5.3 pence per share, comprising a reduction of £6.1 million in the first half of the year, in large part due to the impact of Covid-19 on portfolio investment valuations, and an increase of £1.7 million in the second half.