Dunedin Enterprise Inv Trust PLC Portfolio Update (5037E)
July 07 2021 - 8:13AM
UK Regulatory
TIDMDNE
RNS Number : 5037E
Dunedin Enterprise Inv Trust PLC
07 July 2021
Dunedin Enterprise Investment Trust PLC
LEI: 213800E2VLUZ5AF9Z434
Date: 7 July 2021
Dunedin Enterprise Investment Trust PLC is pleased to announce
that Dunedin Buyout Fund II LP has entered into a legally binding
agreement to realise the investment in UPOL, the manufacturer of
automotive refinish products including body fillers, coatings,
aerosols, polishing compounds and consumables. The transaction is
subject to regulatory approval and is expected to complete in the
second half of 2021.
The investment in UPOL was valued at GBP10.5m in the Preliminary
Unaudited Net Asset Value at 31/3/21 published on 4 May 2021.
Proceeds from the sale, including redemptions of loan stock since
31/3/21, are expected to amount to GBP21.8m (an uplift of GBP11.3m,
or 62.4p per share), consisting of capital of GBP19.5m and income
of GBP2.3m.
Following regulatory approval being received the Board intends
to announce a distribution to shareholders.
END
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