MLN undiluted NAV as at 12/5/20 – $0.9891

MLN undiluted NAV as at 12/5/20 - $0.9891
Date12/5/20207/5/2020
MLN undiluted NAV*$0.9891$1.0030
Share price close$0.94$0.94
Discount 5%6%
The five largest portfolio holdings at 12 May 2020 are approximately as follows:
Alphabet 8%
Facebook8%
PayPal Holdings7%
Mastercard5%
Tencent Holdings5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is 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.
MarlinGlobalisalistedinvestmentcompanythatinvestsingrowingcompaniesbasedoutsideofNewZealandandAustralia.
TheMarlinportfolioismanagedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingin
growthcompanyshares.TheaimofMarlinistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,and
accesstoadiversifiedportfolioofinvestmentsthroughasingle,tax-efficientinvestmentvehicle.MarlinlistedontheNZXMain
Boardon1November2007andmayinvestincompaniesthatarelistedonanyapprovedstockexchange(excludingNew
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 12 May 2020, 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 the announcement of the 6 November 2020
exercise price. Dividends totalling 4.03 cents per share have been declared to date and two more dividends are expected to be
declared in the remaining period to 6 November 2020.
Marlin Global Limited
Phone +64 9 484 0365
Fax +64 9 489 7139
Private Bag 93502
Takapuna , Auckland