REG - Dunedin Enterprise - Portfolio Update

Dunedin Enterprise Investment TrustAnnouncement

07/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221007:nRSG0894Ca&default-theme=true

RNS Number : 0894C  Dunedin Enterprise Inv Trust PLC  07 October 2022

Dunedin Enterprise Investment Trust PLC ("the Company")

 

Date:                   7 October 2022

LEI:                     213800E2VLUZ5AF9Z434

 

RED realisation

 

Dunedin Enterprise Investment Trust PLC ("DENT") is pleased to announce that
regulatory approval has now been granted for the realisation of RED.  RED is
a provider of SAP contract and permanent staff. The investment in RED is held
via DENT's interest in Dunedin Buyout Fund II LP.

 

At 30 June 2022 the investment in RED was valued at £23.7m.

 

Proceeds now received from the transaction amount to £24.1m, consisting of
capital of £20.1m and income of £4.0m.

 

The Board intends to announce a distribution to shareholders during October
2022.

 

 

 

For further information please contact:

Dunedin LLP

Graeme Murray
07813138367

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PFUFLFERISLRIIF