Portfolio Update
October 06 2023 - 7:00AM
Portfolio Update
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 £2.2m, 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 £22.2m.
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 HansraniOperations
PartnerAlbion Capital Group LLPTelephone: 020 7601 1850
6 October 2023
Albion Enterprise Vct (LSE:AAEV)
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