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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 480.00 | 470.00 | 490.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 1.52M | 1.25M | 0.0950 | 50.53 | 63.06M |
From Apr 2019 to Apr 2024
TIDMDNE
RNS Number : 1462V
Dunedin Enterprise Inv Trust PLC
01 November 2017
Dunedin Enterprise realisation of Kee Safety
Dunedin Enterprise Investment Trust PLC is pleased to announce the successful realisation of its investment in Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards. This follows completion of the transaction first announced on 18 October 2017.
Our holding in Kee Safety was valued at GBP11.6m as at 30 June 2017, the last published valuation. Total proceeds have been received of GBP15.8m (an uplift of GBP4.2m) consisting of capital of GBP15.1m and income of GBP0.7m. After taking account of carried interest accrued within Dunedin Buyout Fund III LP the uplift per share equates to 4.4p.
The original cost of the investment made in November 2013 was GBP6.3m and over its life a total of GBP18.8m has been received by Dunedin Enterprise representing a 3.0 times return and an IRR of 35%.
Following the realisation of Kee Safety, the Company has cash balances of GBP49.0m with outstanding commitments to limited partnership funds of GBP43.5m. It is estimated that only some GBP27m 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
DISFDUFIFFWSEFS
(END) Dow Jones Newswires
November 01, 2017 03:00 ET (07:00 GMT)
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