Dunedin Enterprise Inv Trust PLC Realisation of Steeper (8973V)
February 02 2017 - 7:54AM
UK Regulatory
TIDMDNE
RNS Number : 8973V
Dunedin Enterprise Inv Trust PLC
02 February 2017
Dunedin Enterprise realisation of Steeper
Dunedin Enterprise Investment Trust PLC has realised its
investment in Steeper Holdings Limited ("Steeper"), the UK's
leading supplier of rehabilitation services including prosthetic,
orthotic and electronic assistive devices and services.
Capital and accrued interest in Steeper was valued at GBP3.9m as
at 30 September 2016, the last published valuation. Total initial
proceeds from the sale amounted to GBP8.9m (an uplift of GBP5.0m,
or 24.4p per share), consisting of capital of GBP6.7m and income of
GBP2.2m. In addition, proceeds amounting to GBP1.0m are subject to
an earn out over the next 18 months.
The Board is not proposing to return any of the capital proceeds
to shareholders due to the level of outstanding undrawn commitments
at the current time. The income receipts will be paid out to
shareholders via a dividend in due course.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCTTMTTMBAMBJR
(END) Dow Jones Newswires
February 02, 2017 07:54 ET (12:54 GMT)
Dunedin Enterprise Inves... (LSE:DNE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Dunedin Enterprise Inves... (LSE:DNE)
Historical Stock Chart
From Sep 2023 to Sep 2024