MLN undiluted NAV as at 24/7/18 – $1.0439

MLN undiluted NAV as at 24/7/18 - $1.0439
Date24/7/201817/7/2018
MLN undiluted NAV* $1.0439$1.0488
Share price close$0.89$0.87
Discount 15%17%
The five largest portfolio holdings at 24 July 2018 are approximately as follows:
Alphabet (US)8%
PayPal (US)6%
TJX Companies (US)5%
Alibaba Group (China)5%
Mastercard (US)5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is calculated after deducting treasury stock of 180,000 shares (acquired under the Marlin Global buyback
programme). A performance fee payable to the Manager, relating to the previous financial year, is currently being accrued in
the NAV.
MarlinGlobalisalistedinvestmentcompanythatinvestsingrowingcompaniesbasedoutsideofNewZealandandAustralia.
TheMarlinportfolioismanagedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvesting
ingrowthcompanyshares.TheaimofMarlinistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,and
accesstoadiversifiedportfolioofinvestmentsthroughasingle,tax-efficientinvestmentvehicle.MarlinlistedontheNZXMain
Boardon1November2007andmayinvestincompaniesthatarelistedonanyapprovedstockexchange(excludingNew
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 24 July 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