Literacy Capital Director Increases Stake
The investment trust Literacy Capital announces that one of its independent directors has purchased additional shares in the company.
The investment trust Literacy Capital announces that one of its independent directors has purchased additional shares in the company.
The investment trust delivered a solid Q1 performance, with NAV growth and positive contributions from portfolio companies. However, the share price has underperformed, despite the firm's resilience in the face of market uncertainty.
The investment trust has increased the limit of its Revolving Credit Facility from £40 million to £50 million, providing additional financial flexibility.
The investment trust announces the release of a circular and notice of its annual general meeting to be held on 15 May 2025.
The investment firm has acquired a leading manufacturer and supplier of premium meat products, Langford's, and formed a new parent company, Red Sky Food Group, to drive growth in the food manufacturing sector.
The investment company is hosting an investor presentation to provide an update on its recent activities and portfolio.
The investment trust reported a 1.5% decline in NAV per share for 2024, below expectations, but noted its long-term strategy remains compelling.
The asset management firm has invested in a test automation software provider, while also completing a refinancing of an existing portfolio company to fund the new investment.
The investment trust reported a slight decline in NAV for Q4 2024, but its portfolio companies demonstrated resilience with strong earnings growth.
The prominent retailer's chairman has pledged a portion of his shareholding as collateral for a personal loan, but remains the company's largest shareholder.