North Atlantic Smlr Co Inv Tst PLC Investment Update: Performance Chemicals

RNS Number : 8585G

North Atlantic Smlr Co Inv Tst PLC

03 October 2024

 

 

North Atlantic Smaller Companies Investment Trust PLC

("NASCIT")

 

 

The Board of the Trust is pleased to announce the sale of Performance Chemicals for approximately £11.6 million.

The company, which is held in the Unquoted Portfolio, had a cost basis of approximately £230,000. The sale is at a modest uplift from the August Dollar valuation and there will be a further uplift of about $1,000,000 should the earn out be achieved and the escrows released as expected.

 

Enquiries:

Christopher Mills and Christopher Hart

020 7640 3200

 

 

 

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