We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hg Capital Trust Plc | LSE:HGT | London | Ordinary Share | GB00BJ0LT190 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
10.50 | 2.23% | 480.50 | 478.50 | 481.50 | 482.00 | 470.00 | 471.50 | 279,400 | 16:35:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 255.96M | 230.52M | 0.5036 | 9.50 | 2.19B |
TIDMHGT
RNS Number : 2065V
HgCapital Trust PLC
13 April 2021
Hg, the Manager of HgCapital Trust plc ("HGT"), today announces an investment in Dext, a leading provider of pre-accounting software.
The terms of the transaction have not been disclosed and closing is subject to closing conditions.
HgCapital Trust plc will invest approximately GBP12.6 million in Dext, with other institutional clients of Hg.
HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.
Note that these figures only relate to HGT's share of Hg's overall investment in Dext.
HGT's liquid resources available for future deployment (including all announced transactions, the proposed full-year dividend payable in May 2021 and equity raised via tap issuance) are estimated to be GBP136 million (10% of the 28 February 2021 pro-forma NAV of GBP1.3 billion). In addition, HGT has access to a GBP200 million standby facility, which is currently undrawn.
The investment will reduce HGT's outstanding commitments to invest in Hg transactions to approximately GBP501 million (38% of the 28 February 2021 pro-forma NAV).
For further details:
Hg
Laura Dixon +44 (0)20 8396 0930
Brunswick
Samantha Chiene +44 (0)207 404 5959
Hg@brunswickgroup.com
About HgCapital Trust plc
HgCapital Trust plc, whose shares are listed on the London Stock Exchange (ticker: HGT.L), gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com.
The contents of the Hg, HgCapital Trust and Dext websites are not incorporated into, and do not form part of, this announcement.
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
MSCGPUWPCUPGGQP
(END) Dow Jones Newswires
April 13, 2021 02:00 ET (06:00 GMT)
1 Year Hg Capital Chart |
1 Month Hg Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions