Dunedin Enterprise Inv Trust PLC Realisation of Innova (2582A)
December 22 2017 - 7:34AM
UK Regulatory
TIDMDNE
RNS Number : 2582A
Dunedin Enterprise Inv Trust PLC
22 December 2017
Dunedin Enterprise realisation of Innova
Dunedin Enterprise Investment Trust PLC is pleased to announce
the realisation of its investment in Innova/5 LP, the private
equity fund based in Warsaw which makes investments in Central
Eastern Europe. This follows on from the recent realisations of Kee
Safety, Alpha FMC and Blackrock PM.
The holding in Innova was valued at GBP8.7m as at 30 September
2017, the last published valuation. Total proceeds have been
received of GBP9.1m, an uplift of GBP0.4m which equates to 2.1p per
share.
The Board, after reviewing outstanding commitments, intends to
announce in January a further return of capital to
shareholders.
END
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