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CTPE Ct Private Equity Trust Plc

466.00
0.00 (0.00%)
Last Updated: 10:46:08
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ct Private Equity Trust Plc LSE:CTPE London Ordinary Share GB0030738271 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% 466.00 462.00 466.00 466.00 465.00 465.00 31,756 10:46:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 29.48M 13.78M 0.1864 25.00 344.57M

BMO Private Equity Trust PLC Investment Update (2539T)

24/03/2021 7:00am

UK Regulatory


TIDMBPET

RNS Number : 2539T

BMO Private Equity Trust PLC

24 March 2021

   To:                          RNS 
   From:                    BMO Private Equity Trust PLC 
   Date:                     24 March 2021 

Investment Update

BMO Private Equity Trust PLC announces that the software company Dotmatics, in which the Company has a holding, has entered an agreement for its sale to US based company Insightful Science. The transaction is expected to complete early in Q2.

The investment is led by Scotland based growth equity investor Scottish Equity Partners (SEP) and the company is also held in SEP Fund V. Taking both the co-investment and the holding through the fund together, the transaction values BMO Private Equity Trust's position at GBP37.7 million or 51 pence per share. This compares with the last published valuation (as at 30 September 2020) of GBP9.5 million or 13 pence per share.

There is a small rollover into the new combined entity of 12% of the value with the remaining 88% of the value being paid in cash.

The Company expects to release its preliminary results for the year ended 31 December 2020 shortly.

Legal Entity Identifier: 2138009FW98WZFCGRN66

For further information please contact:

 
 Hamish Mair (Investment Manager)       0131 718 1184 
 Scott McEllen (Company Secretary)      0131 718 1137 
 hamish.mair@bmogam.com / scott.mcellen@bmogam.com 
 

This announcement is released by BMO Private Equity Trust PLC and qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDZGZFLFNGMZM

(END) Dow Jones Newswires

March 24, 2021 03:00 ET (07:00 GMT)

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