MLN undiluted ex-div NAV as at 13/6/18 – $1.0186

MLN undiluted NAV as at 13/6/18 - $1.0186 (after deducting 1.96cps dividend payable)
Date13/6/201812/6/2018
MLN undiluted NAV* $1.0186$1.0411
Share price close$0.86$0.89
Discount 16%15%
The five largest portfolio holdings at 13 June 2018 are approximately as follows:
Alphabet (US)7%
PayPal (US)6%
Mastercard (US)5%
TJX Companies (US)5%
Alibaba Group (China)5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is after deducting an accrual for a 1.96 cents per share dividend to be paid on 29 June 2018. The NAV
per share is also calculated after deducting treasury stock of 781,991 shares (acquired under the Marlin Global buyback
programme). A performance fee payable to the Manager, is currently being accrued in the NAV.
MarlinGlobalisalistedinvestmentcompanythatinvestsingrowingcompaniesbasedoutsideofNewZealandand
Australia.TheMarlinportfolioismanagedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordof
successfullyinvestingingrowthcompanyshares.TheaimofMarlinistoofferinvestorscompetitivereturnsthroughcapital
growthanddividends,andaccesstoadiversifiedportfolioofinvestmentsthroughasingle,tax-efficientinvestmentvehicle.
MarlinlistedontheNZXMainBoardon1November2007andmayinvestincompaniesthatarelistedonanyapproved
stock exchange (excluding New Zealand or Australia) or unlisted companies not incorporated in New Zealand or Australia.
The above undiluted net asset value (NAV) is unaudited and net of fees and tax.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (MLNWC). At 13 June 2018,
29,684,140 warrants are on issue and may be exercised on 12 April 2019. The actual exercise price of each warrant is
$0.83 less the dividends per share declared by the company between 2 May 2018 and 12 April 2019. Dividends totalling
1.96 cents per share have been declared to date and three more dividends are expected to be declared in the remaining
period to 12 April 2019.
Marlin Global Limited
Phone +64 9 484 0365
Fax +64 9 489 7139
Private Bag 93502
Takapuna , Auckland