North Atlantic Smlr Co Inv Tst PLC Investment Update: Performance Chemicals
October 03 2024 - 5:51AM
RNS Regulatory News
RNS Number : 8585G
North Atlantic Smlr Co Inv Tst PLC
03 October 2024
North Atlantic Smaller
Companies Investment Trust PLC
("NASCIT")
The Board of the Trust is pleased to
announce the sale of Performance Chemicals for approximately £11.6
million.
The company, which is held in the
Unquoted Portfolio, had a cost basis of approximately £230,000. The
sale is at a modest uplift from the August Dollar valuation and
there will be a further uplift of about $1,000,000 should the earn
out be achieved and the escrows released as expected.
Enquiries:
Christopher Mills and Christopher
Hart
020 7640 3200
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