REG - Caledonian Holdings - Update re. investment in Skillcast

Caledonian HoldingsAnnouncement

27/06/2025 08:45

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RNS Number : 7385O  Caledonian Holdings PLC  27 June 2025

27 June 2025

Caledonian Holdings plc

("Caledonian Holdings" or "the Company")

 

Update re. investment in Skillcast

The Board of Caledonian Holdings plc (AIM:CHP), an AIM-quoted investing
company focused on the financial services market, today provides an update on
its investment in Skillcast Group plc ("Skillcast").

Between 3 September 2024 and 26 June 2025, the Company sold a total of 625,676
shares in Skillcast at an average price of c.43p per share generating
aggregate net proceeds of approximately £266,901.63 for the Company ("the
Disposal"). The Disposal is expected to generate a realised gain of £6,233
for the Company in the financial year to 31 March 2025 and a realised gain of
£64,441 for the Company in the financial year to 31 March 2026.

Following the Disposal, the Company no longer holds any shares in Skillcast.
The proceeds of the Disposal are being recycled by the Company in line with
its investment objectives.

The Company originally invested £250,000 in Skillcast via a subscription of
675,676 new ordinary shares in Skillcast at a price of 37p per share as part
of its IPO funding round in December 2021.

Skillcast helps companies make compliance simple and build ethical, inclusive,
and resilient workplaces. It provides content and technology to digitise and
streamline compliance processes and manage them from a single compliance
portal. Its product range includes a Learning management system with
comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff
declarations, Anonymous surveys, CPD tracking, and compliance registers for
gifts, expenses, PA dealing, whistleblowing.

For the year ended 31 December 2024 Skillcast generated revenue of £13.2
million and profit before tax of £0.5 million. As at 31 December 2024
Skillcast's audited net assets were £5.8 million.

For further information, please contact:

 Caledonian Holdings plc                       Tel: +44 (0) 7950 389469

 Brent Fitzpatrick, Non-Executive Chairman

 Jim McColl, Executive Director
                                               Tel: +44 (0) 20 3328 5656

 Allenby Capital Limited (Nominated Adviser)
 Nick Athanas / Piers Shimwell

 Peterhouse Capital Limited (Broker)           Tel: +44 (0) 20 7469 0930

 

 

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