RCS - Chrysalis Investment - Update note from QuotedData

Chrysalis InvestmentsAnnouncement

27/02/2025 15:45

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RNS Number : 7680Y  Chrysalis Investments Limited  27 February 2025

Chrysalis Investments - Update from QuotedData

27(th) February 2025

Return to form

Chrysalis Investments Limited (CHRY) has experienced decent net asset value
(NAV)
(https://quoteddata.com/glossary/net-asset-value-per-share-nav-per-share/)
 and share price growth recently. With the bulk of the proceeds from the
disposals of Graphcore and Featurespace received, and the term loan facility
(https://quoteddata.com/glossary/revolving-credit-facility-or-rcf/)  drawn
down, CHRY is making good progress with its share buyback
(https://quoteddata.com/glossary/share-buybacks-2/)  programme (see page 4).
As of publication, 46,183,261 shares had been bought back, around 7.8% of
CHRY's issued share capital, and this is boosting its NAV
(https://quoteddata.com/glossary/nav/) . CHRY has now returned about £45m of
its £100m target and is well placed to press ahead with this, as it had a
total liquidity position (available cash and credit) of approximately £144m
at end December 2024.

The bulk of the portfolio is performing well - in its recent results, CHRY
said that all portfolio companies have seen profits rise or losses narrow -
and Klarna's IPO (https://quoteddata.com/glossary/ipo/)  still looks likely
at some point this year. While there is a good case that it might soon be time
to make new investments, the focus for 2025 will remain on narrowing
the discount to NAV (https://quoteddata.com/glossary/discount-to-nav/) ,
which is in much better shape than it was a year ago, but still has room for
improvement.

Full Research:

https://quoteddata.com/research/chrysalis-investments-return-to-form-qd/
(https://quoteddata.com/research/chrysalis-investments-return-to-form-qd/)

This research is also available free on our website www.quoteddata.com
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NB: Marten & Co was paid to produce this note Chrysalis Investments
Limited, and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
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