Discount = (Net Asset Value – Market Capitalisation) / Net Asset Value.
The Net Asset Value is calculated by replacing the book value of the participation in UCB with its market value. The company’s book net assets, as well as the number of UCB shares held, are updated semi-annually. Consequently, the accounting elements on which its calculation is based are not definitive. Therefore, the discount is only indicative and constitutes a projection that may be incorrect. Financière de Tubize strongly advises against basing your investment strategy on this data. This information is provided for informational purposes only and does not constitute a guarantee or an investment recommendation.