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 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.