Chrysalis Investments Limited Portfolio Update (3557A)
February 01 2022 - 9:05AM
UK Regulatory
TIDMCHRY
RNS Number : 3557A
Chrysalis Investments Limited
01 February 2022
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than to professional investors in Belgium, Denmark, the
Republic of Ireland, Luxembourg, the Netherlands, Norway and
Sweden), Canada, Australia, Japan or the Republic of South
Africa.
01 February 2022
Chrysalis Investments Limited (the "Company")
Portfolio Update
The Company is pleased to confirm that the sale of its
shareholding in Embark Group Limited to Scottish Widows Group
Limited, a subsidiary of Lloyds Banking Group plc has now
completed. The Company has received net cash proceeds of GBP57.2m
for the sale, which represents a cash-on-cash return of 2.1x from
the date of the Company's initial investment in July 2019.
Nick Williamson and Richard Watts, co-portfolio managers,
commented:
"Following last year's IPO of Wise, this transaction represents
a further realisation from the portfolio. We are delighted with the
outcome of this transaction which we believe is a fantastic result
for our shareholders.
We would like to thank the management team at Embark for their
hard work during this transaction and wish them and the team at
Lloyds good luck with the integration of the Embark business."
-ENDS-
For further information, please
contact:
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum Capital Limited:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis Securities Limited:
Nathan Brown / Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
Media Enquiries:
Montfort Communications +44 (0) 20 3514 0897
Charlotte McMullen Chrysalis@montfort.london
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at http://chrysalisinvestments.co.uk . Neither the content
of the Company's website, nor the content on any website accessible
from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless
previously published by means of a recognised information service,
should any such content be relied upon in reaching a decision as to
whether or not to acquire, continue to hold, or dispose of,
securities in the Company.
This announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, business strategy, plans and
objectives of management for future operations (including
development plans and objectives relating to the Company's products
and services) are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and operational performance may differ materially from the
results and performance expressed in, or implied by, the
statements. These factors include but are not limited to those
described in the formal Prospectus. These forward-looking
statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update
or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Listing Rules or Prospectus Rules of the Financial Conduct
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END
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