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AGE August Equity

308.44
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
August Equity LSE:AGE London Ordinary Share GB0030955313 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 308.44 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Realisation

15/12/2006 9:13am

UK Regulatory


RNS Number:9755N
August Equity Trust PLC
15 December 2006



August Equity Trust plc

Investment in Securistyle Holdings Limited


August Equity Trust plc ('AET') is pleased to announce it has realised its
investment in Securistyle Holdings Limited ('Securistyle') through the sale of
the company in a #42.3 million management buy-out backed by Bank of Scotland
Integrated Finance ('BoSIF').  The investment was held indirectly through August
Equity Partners IV ('AEP IV').  AET's share of the realisation proceeds is #6.3
million. This is #2.7 million over the valuation as at 30 June 2006.  The
realisation of Securistyle, together with the recently announced exits from ETT
and Kangol Holdings Limited, has generated an uplift of 5.9% on the net asset
value per 5p Ordinary Share to 330.2p per share from 311.7p per 5p Ordinary
Share as at 30 June 2006.


AEP IV is a limited partnership to which AET has committed #50 million.  AET and
AEP IV are both managed by August Equity Limited ('AEL').  AET will announce its
financial results for the year ended 31 December 2006 in February 2007.


AET hopes to announce the completion of a new investment within the next few
days.




For more information please contact:



Tim Clarke
Director
August Equity Limited
020 7632 8241


Mani Pillai / Francesca Reville
Penrose Financial
020 7786 4884/4814



15 December 2006





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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