Literacy Capital Completes Wifinity Sale
The investment trust has completed the sale of its portfolio company Wifinity, a UK-based internet managed service provider.
The investment trust has completed the sale of its portfolio company Wifinity, a UK-based internet managed service provider.
The retailer has announced a change in a major shareholder's position.
The investment trust has appointed a new independent Non-Executive Director with extensive experience in business growth, operations, and governance.
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.