Dunedin Enterprise Inv Trust PLC Portfolio Update (9270O)
October 13 2021 - 4:00AM
UK Regulatory
TIDMDNE
RNS Number : 9270O
Dunedin Enterprise Inv Trust PLC
13 October 2021
Dunedin Enterprise Investment Trust PLC
LEI: 213800E2VLUZ5AF9Z434
Date: 13 October 2021
Partial realisation of Global Processing Services ("GPS")
Dunedin Enterprise Investment Trust PLC is pleased to announce
that Dunedin Buyout Fund III LP has entered into a legally binding
agreement for the partial realisation of its investment in GPS, a
market leader in payment processing technology.
The investment in GPS was valued at GBP16.1m at 30 June 2021.
Proceeds from the partial sale will amount to GBP18.2m, consisting
of capital of GBP16.0m and income of GBP2.2m. In addition, GBP5.9m
will be rolled into a GPS newco resulting in a total consideration
of GBP24.1m. This represents an uplift of GBP8m on the 30 June 2021
valuation, equivalent to 44.1p per share.
The transaction is subject to regulatory approval and is
expected to complete by the end of 2021. The effect of the
transaction will be reflected in the net asset value as at 30
September 2021, which is due to be published on or around 1
November 2021.
END
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