We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dunedin Enterprise Investment Trust Plc | LSE:DNE | London | Ordinary Share | GB0005776561 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.50 | 0.52% | 486.50 | 468.00 | 505.00 | 2,826 | 16:35:13 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 1.52M | 1.25M | 0.0950 | 50.95 | 63.58M |
From Apr 2019 to Apr 2024
TIDMDNE
RNS Number : 8798T
Dunedin Enterprise Inv Trust PLC
18 October 2017
Dunedin Enterprise realisation of Kee Safety
Dunedin Enterprise Investment Trust PLC is pleased to announce that a contract has been signed, subject to completion, to sell its investment in Kee Safety, the market-leading provider of collective fall protection, safety systems and solutions. Completion of the transaction is due on 31 October 2017.
Capital and accrued interest in Kee Safety was valued at GBP11.6m as at 30 June 2017, the last published valuation. Total proceeds from the sale will amount to GBP15.9m (an uplift of GBP4.3m) consisting of capital of GBP15.2m and income of GBP0.7m. After taking account of carried interest accrued within Dunedin Buyout Fund III LP the uplift per share equates to 4.5p.
The original cost of the investment made in November 2013 was GBP6.3m and over the life of the investment a total of GBP18.8m will be received by Dunedin Enterprise representing a 3.0 times return and an IRR of 35%.
Following the realisation of Kee Safety, the Company will have cash balances of GBP49.1m with outstanding commitments to limited partnership funds of GBP43.5m. It is estimated that only some GBP22m of this total outstanding commitment will be drawn over the remaining life of the limited partnership funds.
As stated in the recent notification regarding the realisation of Alpha FMC, a Board Meeting will be held on 16 November 2017 following which the Board intends to announce a distribution to shareholders along with the quarterly trading update.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISFFSFUWFWSEDS
(END) Dow Jones Newswires
October 18, 2017 02:00 ET (06:00 GMT)
1 Year Dunedin Enterprise Inves... Chart |
1 Month Dunedin Enterprise Inves... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
