Income & Growth VCT Sells App-DNA Stake To Citrix For GBP14.6 Million
October 26 2011 - 4:27AM
Dow Jones News
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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