Back

IGV

-2.42%
GOOD

Income & Growth VCT Realises Investment in Rota Geek Limited

Why we think this is good

The RNS announcement details the successful realisation of the company's investment in Rota Geek Limited, generating a realised gain of £1.63 million over the original cost. The sale proceeds of £4.56 million represent a return of 1.5 times the original investment and an IRR of 9.1% over the nearly seven-year holding period. This is a positive outcome for the company and its shareholders.

Key Points

  • Successful realisation of investment in Rota Geek Limited
  • Sale proceeds of £4.56 million, generating a realised gain of £1.63 million
  • Return of 1.5 times the original investment cost and an IRR of 9.1%
  • Positive impact on the company's NAV per share

Summary

The investment company has sold its stake in Rota Geek Limited, generating a significant gain on the original investment.

The Income & Growth VCT plc has announced the sale of its investment in Rota Geek Limited, receiving £4.56 million in cash. This sale has generated a realised gain of £1.63 million over the original cost of £3.05 million, representing a return of 1.5 times the initial investment and an IRR of 9.1% over the nearly seven-year holding period. The company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the investment portfolio.

GENERAL UPDATE