TIDMHGT

RNS Number : 3021X

HgCapital Trust PLC

04 May 2021

Hg, the Manager of HgCapital Trust plc ("HGT"), today announces that it has agreed the sale of Eidosmedia, a provider of Enterprise Content Management ('ECM') software, primarily to the Media and Financial Services verticals, to CAPZA, a European private investment platform.

The terms of the transaction have not been disclosed.

HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.

This transaction values HGT's investment in Eidosmedia at approximately GBP0.8 million. This would represent an uplift of GBP0.4 million (84% or 0.1 pence per share) over the carrying value of GBP0.4 million in the Net Asset Value ("NAV") of HGT at 28 February 2021.

Note that these figures only relate to HgCapital Trust's share of Hg's overall investment in Eidosmedia.

Based on the 28 February 2021 reported NAV, the pro-forma NAV of the Trust is expected to be GBP1.3 billion (or 309.4 pence per share). HGT's liquid resources available for future deployment (including all announced transactions, the proposed full-year dividend payable in May 2021 and equity raised via tap issuance) are estimated to be GBP129 million (10% of the pro-forma 28 February 2021 NAV). In addition, HGT has access to a GBP200 million standby facility, which is currently undrawn.

For further details:

Hg

Laura Dixon +44 (0)20 8396 0930

Brunswick

Samantha Chiene +44 (0)207 404 5959

Hg@brunswickgroup.com

About HgCapital Trust plc

HgCapital Trust plc, whose shares are listed on the London Stock Exchange (ticker: HGT.L), gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com.

The contents of the Hg, HgCapital Trust, Eidosmedia and CAPZA websites are not incorporated into, and do not form part of, this announcement.

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May 04, 2021 02:00 ET (06:00 GMT)

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