Albion EnterpriseVCT Portfolio Update
October 06 2023 - 7:00AM
UK Regulatory
TIDMAAEV
ALBION ENTERPRISE VCT PLC
LEI Code 213800OVSRDHRJBMO720
PORTFOLIO UPDATE
Albion Enterprise VCT PLC ("the Company") is pleased to announce
that it has sold a proportion of its holding in Quantexa Limited at
its current holding value, with the aim of managing its
concentration risk.
The proceeds for the Company are GBP2.2m, equating to an 11.5
times return on its weighted average investment cost. This
decreases the Company's holding in Quantexa to 17.2% of the
Company's most recently announced NAV.
The value of the Company's remaining holding in Quantexa,
following this transaction, is GBP22.2m.
The disposal was realised at the Company's current valuation,
which crystalises a portion of the unrealised gain. There is no
impact on the Company's NAV resulting from this transaction.
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
6 October 2023
(END) Dow Jones Newswires
October 06, 2023 07:00 ET (11:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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