MLN ex-div NAV as at 4/12/19 – $0.9911

MLN undiluted NAV as at 4/12/19 - $0.9911 (after deducting 1.99cps dividend payable)
Date4/12/20193/12/2019
MLN undiluted NAV*$0.9911$1.0099
Share price close$1.00$1.02
(Premium)/Discount-1%-1%
The five largest portfolio holdings at 4 December 2019 are approximately as follows:
Alphabet 8%
Alibaba Group Holding Ltd6%
Facebook6%
PayPal Holdings5%
TJX Companies Inc5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is after deducting an accrual for a 1.99 cents per share dividend to be paid on 19 December 2019. The
NAV per share is also calculated after deducting treasury stock (shares acquired under the Marlin Global buyback
programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.
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 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 (MLNWD). At 4 December 2019,
37,252,688 warrants are on issue and may be exercised on 6 November 2020. The actual exercise price of each warrant is
$0.94 less the dividends per share declared by the company between 7 November 2019 and 6 November 2020.
Marlin Global Limited
Phone +64 9 484 0365
Fax +64 9 489 7139
Private Bag 93502
Takapuna , Auckland