Aberforth Smaller Companies Trust plc (“ASCOT”)
The Net Asset Values (“NAVs”) per Ordinary Share for the above company as at the close of business on 20 January 2017 were:-
Excluding current year Revenue = 1,304.45p
Including ALL Revenue = 1,334.61p
ASCOT has bank debt facilities available to allow gearing of up to 9.9% of Shareholders’ Funds.  Current gearing is 2.2%.  There are currently 94,403,292 Ordinary Shares of 1p in issue.
Contact:
David Holland
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
23 January 2017

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