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IGV Income & Growth Vct (the) Plc

70.00
0.00 (0.00%)
Last Updated: 08:00:08
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Income & Growth Vct (the) Plc LSE:IGV London Ordinary Share GB00B29BN198 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 70.00 68.50 71.50 70.25 70.00 70.00 0.00 08:00:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 8.63M 5.49M 0.0348 20.11 110.27M

Income & Growth VCT (The) PLC Realisation of investment in Gro-Group (1241B)

05/01/2018 12:38pm

UK Regulatory


Income & Growth Vct (LSE:IGV)
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TIDMIGV

RNS Number : 1241B

Income & Growth VCT (The) PLC

05 January 2018

The Income & Growth VCT plc ("I&G VCT" or the "Company")

Realisation of investment in Gro-Group Holdings Limited

05 January 2018

The Company is pleased to announce the sale of Gro-Group Holdings Limited, in which the Company held an 18.1% equity interest, to a trade purchaser for consideration of GBP22 million, on a debt free and cash free basis. GBP4.19 million has been received in cash by the Company following completion, while up to GBP0.14 million in deferred consideration is potentially payable over approximately the next 12 months.

The realisation of this investment has resulted in an increase in the Company's Net Asset Value ('NAV') of an estimated 1.68 pence per share over the latest announced NAV per share of 81.24 pence at 30 September 2017.

Upon completion and excluding deferred consideration, this transaction delivered the Company a realised gain over cost of GBP1.80 million, being 1.90 pence per share.

For further information, please contact:

Robert King, for Mobeus Equity Partners LLP, Company Secretary 020 7024 7600

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFMGGMZKNGRZM

(END) Dow Jones Newswires

January 05, 2018 07:38 ET (12:38 GMT)

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