OCI Oakley Capital Investments Limited

TIDMOCI

RNS Number : 9651M

Oakley Capital Investments Limited

03 August 2017

3 August 2017

Oakley Capital Investments Limited

Trading Update for the six months ended 30 June 2017

Oakley Capital Investments Limited(1) (AIM:OCI, the "Company") the AIM-listed company established to provide investors with access to the investment strategy of Oakley Capital Private Equity(2) , today announces a trading update for the six months ended 30 June 2017.

The Company's net asset value is estimated to be in the range GBP2.29 - GBP2.31 per share, compared to GBP2.31 per share reported at 31 December 2016.

A strong underlying performance from the Oakley Funds portfolio companies was mainly offset by dilution from the treasury share sale announced in January. The Company now holds no treasury shares. Going forward the Board does not intend to issue equity or sell stock from treasury at a discount to NAV.

Since the start of the year Oakley Fund III has invested EUR174.1 million, acquiring Casa.it & atHome.lu, Plesk and TechInsights. The Company's interest in Fund III at 30 June 2017 is GBP61.6 million. Post period end, Oakley Fund III has also completed a EUR85.9 million investment in the leading German tutoring business, Schülerhilfe.

OCI has received proceeds of GBP12.5m during the period, relating to the realisation of Host Europe Group in the sale to GoDaddy Inc.

For further information please contact:

Oakley Capital Investments Limited

+44 20 7766 6900

Peter Dubens, Director

Steven Tredget, Investor Relations

FTI Consulting LLP

+44 20 3727 1000

Edward Bridges / Stephanie Ellis

Liberum Capital Limited (Nominated Adviser & Broker)

+44 20 3100 2000

Steve Pearce / Henry Freeman / Jill Li

(1) About Oakley Capital Investments Limited ("OCI")

Oakley Capital Investments Limited is a Bermudian company listed on AIM. OCI seeks to provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and through co-investment opportunities.

(2) About Oakley Capital Private Equity L.P. ("Fund I"), Oakley Capital Private Equity II ("Fund II") and Oakley Capital Private Equity III ("Fund III") together the "Oakley Funds"

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II and Oakley Capital Private Equity III, are unlisted mid-market private equity funds with the aim of providing investors with significant long term capital appreciation. The investment strategy of the funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement. Through its investments in the Oakley Funds, the Company has an indirect interest in each of Fund I, II, and III's portfolio companies, representing 65.5%, 38.1% and 47.0% respectively at 30 June 2017.

This information is provided by RNS

The company news service from the London Stock Exchange

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