REG - Chrysalis Invs Ltd - Portfolio Update

Chrysalis InvestmentsAnnouncement

01/02/2022 14:10

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RNS Number : 3557A  Chrysalis Investments Limited  01 February 2022

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any
member state of the European Economic Area (other than to professional
investors in Belgium, Denmark, the Republic of Ireland, Luxembourg, the
Netherlands, Norway and Sweden), Canada, Australia, Japan or the Republic of
South Africa.

 

01 February 2022

 

 

Chrysalis Investments Limited (the "Company")

 

Portfolio Update

 

The Company is pleased to confirm that the sale of its shareholding in
Embark Group Limited to Scottish Widows Group Limited, a subsidiary of Lloyds
Banking Group plc has now completed. The Company has received
net cash proceeds of £57.2m for the sale, which represents a
cash-on-cash return of 2.1x from the date of the Company's initial investment
in July 2019.

 

 

Nick Williamson and Richard Watts, co-portfolio managers, commented:

 

"Following last year's IPO of Wise, this transaction represents a further
realisation from the portfolio. We are delighted with the outcome of this
transaction which we believe is a fantastic result for our shareholders.

 

We would like to thank the management team at Embark for their hard work
during this transaction and wish them and the team at Lloyds good luck with
the integration of the Embark business."

 

 

 

-ENDS-

 

 For further information, please contact:

 Jupiter Asset Management:                       +44 (0) 20 3817 1325

 Magnus Spence

 Liberum Capital Limited:                        +44 (0) 20 3100 2000

 Chris Clarke / Darren Vickers / Owen Matthews

 Numis Securities Limited:                       +44 (0) 20 7260 1000

 Nathan Brown / Matt Goss

 Maitland Administration (Guernsey) Limited:     +44 (0) 1481 749364

 Elaine Smeja / Aimee Gontier

 Media Enquiries:

 Montfort Communications                         +44 (0) 20 3514 0897

 Charlotte McMullen                              Chrysalis@montfort.london

LEI: 213800F9SQ753JQHSW24

 

A copy of this announcement will be available on the Company's website at
http://chrysalisinvestments.co.uk
(https://protect-eu.mimecast.com/s/V1HICYEOyCD2g5LI0ztOf?domain=chrysalisinvestments.co.uk)
. Neither the content of the Company's website, nor the content on any website
accessible from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not to acquire,
continue to hold, or dispose of, securities in the Company.

 

This announcement may include "forward-looking statements". All statements
other than statements of historical facts included in this announcement,
including, without limitation, those regarding the Company's financial
position, business strategy, plans and objectives of management for future
operations (including development plans and objectives relating to the
Company's products and services) are forward-looking statements.

 

Forward-looking statements are subject to risks and uncertainties and
accordingly the Company's actual future financial results and operational
performance may differ materially from the results and performance expressed
in, or implied by, the statements. These factors include but are not limited
to those described in the formal Prospectus. These forward-looking statements
speak only as at the date of this announcement. The Company expressly
disclaims any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual results or any
change in the assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the Financial Services and
Markets Act 2000, the Listing Rules or Prospectus Rules of the Financial
Conduct Authority or other applicable laws, regulations or rules.

 

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