The Income & Growth VCT PLC (IGV.LN), an investment trust, Wednesday said it has agreed to sell its investment in App-DNA Group Limited to Citrix Systems Inc. (CTXS) for GBP14.6 million, equating to a NAV uplift of 30.9 pence a share.

MAIN FACTS:

-In addition, GBP1.8 million of further deferred consideration could be receivable over the next four years, subject to various warranties.

-The total consideration equates to a return of 32 times the original investment.

-Shares at 0755 GMT up 11.38 pence, or 13%, at 98 pence valuing the company at GBP35 million.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

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