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QUT Quester Vct 4

18.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quester Vct 4 LSE:QUT London Ordinary Share GB0002098969 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% 18.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Disposal

10/01/2008 3:02pm

UK Regulatory


    QUESTER VCT 4 PLC ANNOUNCES SALE OF ITS STAKE IN NOMAD PAYMENTS LIMITED TO 
METAVANTE TECHNOLOGIES, INC.

10 January 2008, London - Quester VCT 4 plc ("the Company") has sold its stake
in Nomad Payments Limited ("Nomad"), a provider of prepaid and debit card
processing and licensed software, to Metavante Technologies, Inc. ("Metavante")
(NYSE: MV), a leading provider of banking and payments technology. Nomad has
been acquired by Metavante for a purchase price of approximately $58 million.

The Company has been an investor in Nomad since 2001 and participated in a
number of funding rounds to a total cost of £1.6 million. Proceeds receivable
by the Company amount to £3.0 million of which £2.5 million has been received
in cash on completion and £0.5 million will be held in escrow for a further
period. The transaction, including the consideration held in escrow, has the
effect of increasing the net asset value of the Company by 3.1p per share
(unaudited).

Enquiries:

SPARK Venture Management Limited

Nghi Tran, Company Secretary

020 7851 7777

Capital MS&L

Annabel O'Connor

020 7307 5339



END



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