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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 |
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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