Income & Growth VCT (The) PLC Realisation of investment (1744E)
July 02 2019 - 4:11AM
UK Regulatory
TIDMIGV
RNS Number : 1744E
Income & Growth VCT (The) PLC
02 July 2019
The Income & Growth VCT plc
(the "Company")
Realisation of investment in ASL Technology Holdings Limited
The Company is pleased to announce the sale of its investment in
ASL Technology Holdings Limited ("ASL") to a trade purchaser on a
debt free and cash free basis. The Company received GBP4.79 million
in cash from the sale, and generated a realised gain over cost over
the life of the investment of GBP3.22 million, being the equivalent
of 3.10 pence per share. This represents a return of 2.18 times the
original investment cost and an IRR of over 12.6% for the Company
in the eight and a half years that this investment was held.
In isolation, the impact of this sale on the Company's latest
announced NAV per share of 78.03 pence at 31 March 2019, would be
an increase of 0.62 pence per share.
For further information, please contact:
Robert Brittain, for Mobeus Equity Partners LLP, Company
Secretary 020 7024 7600
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END
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