Literacy Capital Announces B Share Scheme Apportionment Ratio
The investment trust provides details on the apportionment ratio for its B Share return of capital scheme.
The investment trust provides details on the apportionment ratio for its B Share return of capital scheme.
The investment trust has appointed Deutsche Bank AG, London Branch as its sole corporate broker and financial adviser.
The investment trust is returning approximately £6 million to shareholders under its B Share Scheme.
The investment trust is returning capital to shareholders through a B Share scheme, reducing the company's net assets.
The investment trust reported stable NAV in Q3, despite facing some market headwinds, and generated its strongest quarterly cash inflow since inception through portfolio transactions.
The asset management firm has announced changes to its major shareholdings.
The investment trust reported a 5.4% increase in NAV, outperforming market indices. New investments and a successful portfolio company sale demonstrate its value creation strategy, despite challenging market conditions.
The company provides a general update on its weekly webinar series and website.
The investment trust delivered a 1.6% increase in NAV per share in Q2, boosted by the sale of its second-largest holding at a 52% premium. However, the company faces some near-term headwinds, including sluggish UK growth and cost pressures.
The investment trust has completed the sale of its second largest holding, Velociti Solutions, at a 52% premium to carrying value, generating exceptional returns for shareholders.