Albion Ven Cap Trust Disposal Of A Care Home Investment
December 17 2014 - 04:32AM
UK Regulatory
TIDMAAVC
17 December 2014
Albion Venture Capital Trust PLC
Disposal of investment in Oakland Care Centre
The Board is pleased to announce the successful sale of its investment
in Oakland Care Centre Limited, realising net proceeds of GBP5,705,000,
compared to book value of GBP5,289,000 at 30 September 2014, and cost of
GBP3,287,000.
As a result of the sale, Albion Venture Capital Trust PLC has, since its
original investment in November 2010, received a return of approximately
2.0x its investment, including loan stock interest received over the
course of the investment.
For further enquiries, please contact:
Emil Gigov
Partner, Albion Ventures LLP
020 7601 1850
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Albion Venture Capital Trust PLC via Globenewswire
HUG#1881093
http://www.closeventures.co.uk
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