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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Icg Enterprise Trust Plc | LSE:ICGT | London | Ordinary Share | GB0003292009 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,210.00 | 1,204.00 | 1,210.00 | 1,210.00 | 1,210.00 | 1,210.00 | 14,872 | 11:30:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 187.81M | 164.53M | 2.4421 | 4.95 | 815.18M |
TIDMICGT ICG Enterprise Trust plc Disposal of Standard Brands 25 July 2017 ICG Enterprise Trust plc ("the Company") announces the sale of its investment in Standard Brands (UK) Limited ("Standard Brands"), a manufacturer of domestic fire lighting products including Zip, the leading brand in the UK and Ireland. Standard Brands was the Company's fifth largest underlying investment at 30 April 2017. The sale to SHS Group is subject to Irish Competition Authority approval. It is expected that the Company will receive cash proceeds of approximately GBP15.8 million during the quarter to 31 October 2017. Taken in isolation, the disposal is anticipated to increase the Company's net asset value per share by 5.9p to 881.9p, equating to a 0.7% increase compared with the value at 30 April 2017. Having initially supported the management buyout of Standard Brands in 2001, half of the Company's interest was acquired in 2014 by way of a secondary transaction. At completion, the transaction is expected to represent a return of 3.8 times the cost of the 2014 investment and an overall return of 1.5 times the total cost at an uplift of 35% to the carrying value at 30 April 2017. Enquiries Analyst / Investor enquiries: Emma Osborne, Portfolio Manager, ICG +44 (0) 20 3201 1302 Nicola Edgar, Finance, ICG +44 (0) 20 3201 7791 END This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: ICG Enterprise Trust Plc via Globenewswire http://www.icg-enterprise.co.uk/
(END) Dow Jones Newswires
July 25, 2017 06:00 ET (10:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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