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Kinetic Growth Fund Quotes Additional Shares On Trading Platform

South Pacific Stock Exchange has announced Kinetic Growth Fund Limited (KGF) has quoted an additional 118,552 shares on the SPSE trading platform. This was during pre-open session yesterday. Based on
19 Oct 2016 11:00
Kinetic Growth Fund Quotes Additional Shares On Trading Platform
SPSE

South Pacific Stock Exchange has announced Kinetic Growth Fund Limited (KGF) has quoted an additional 118,552 shares on the SPSE trading platform.

This was during pre-open session yesterday.

Based on the Management Agreement dated January 1, 2015 between KGF and its Manager, Kontiki Capital Limited; the performance fees to the Manager is paid in the form of shares in lieu of cash payment of fees.

The issue price of the additional shares to Kontiki Capital Limited is $0.49 per share and the calculation is as stipulated in the Management Agreement between the two parties.

Based on its most recent (December 31, 2015) audited financial statements, KGF’s Price Earnings ratio (PE) now stands at -37.49 times with market capitalization at $1,645,608.

The Earnings per Share (EPS) for the company stands at -$1.20 cents.

KGF first listed on the SPSE on December 16, 2004 as an investment company investing shareholder funds in private equity projects with an objective of generating high growth returns for shareholders over the long-term.

KGF’s current market price is $0.45 with a total of 3,656,907 shares now quoted on the SPSE trading platform.

Source: SOUTH PACIFIC STOCK EXCHANGE



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