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 0.0% 85.50 84.00 87.00 85.50 85.50 85.50 5,747 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.7 2.7 2.1 41.3 102

Income & Growth VCT (The) PLC Admission to AIM of Parsley Box Group plc

31/03/2021 9:00am

UK Regulatory (RNS & others)

Income & Growth Vct (LSE:IGV)
Historical Stock Chart

From Feb 2021 to Aug 2021

Click Here for more Income & Growth Vct Charts.


RNS Number : 0349U

Income & Growth VCT (The) PLC

31 March 2021


(the "Company")

LEI: 213800FPC15FNM74YD92

31 March 2021

Admission to AIM of Parsley Box Group plc

The Board is pleased to announce that, this morning, Parsley Box Group plc ("Parsley Box"), an existing portfolio company, was admitted to trading on AIM, a market operated by the London Stock Exchange, alongside a placing of new and existing shares. The Placing Price of these shares was GBP2.00 per share, valuing Parsley Box at a market capitalisation of GBP83.8 million.

The Company now holds 1,807,279 shares in Parsley Box after acquiring 7,715 new ordinary shares at the Placing Price of GBP2.00 and a top-slicing sale of 899,780 shares to new investors. The sale realised net proceeds of GBP1.73 million for the Company (net of transaction costs), representing 0.64 pence of the NAV per share uplift below. This partial sale generated a 4.0x return on the shares sold, as well as securing an overall return of 1.3x on the Company's entire investment to date.

Based upon the Placing Price of GBP2.00 per share, the Company's investment in Parsley Box is valued at GBP3.61 million which, with the net sale proceeds of GBP1.73 million above, represents a total uplift in value of GBP2.28 million, compared to that included in the Company's Net Asset Value ("NAV") per share at 31 December 2020.

In isolation, the impact of this uplift in valuation upon the Company's NAV per share as at 31 December 2020 of 79.17 pence is a further increase of 1.93 pence per share. The Company emphasises that this increase in NAV per share is in isolation from other changes in the Company's balance sheet, including the uplift of 5.58 pence per share already announced on 2 March 2021 in respect of the admission to trading of the Company's shares in Virgin Wines UK plc and other valuation and transaction movements in the Company's investment portfolio, that may also have affected the NAV per share since 31 December 2020.

The Board and Mobeus Equity Partners LLP are proud to have partnered the management of Parsley Box in growing this business since the Company's original investment in 2019. We continue to support Parsley Box and its future growth and development and are pleased to retain an equity holding of 4.31%.

For further information, please contact:

Mobeus Equity Partners LLP, Company Secretary

020 7024 7600

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) Dow Jones Newswires

March 31, 2021 04:00 ET (08:00 GMT)

1 Year Income & Growth Vct Chart

1 Year Income & Growth Vct Chart

1 Month Income & Growth Vct Chart

1 Month Income & Growth Vct Chart
ADVFN Advertorial
Your Recent History
Income & G..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210802 20:46:36