REG - Dunedin Enterprise - Portfolio Update

Dunedin Enterprise Investment TrustAnnouncement

05/08/2024 07:00

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RNS Number : 0737Z  Dunedin Enterprise Inv Trust PLC  05 August 2024

Dunedin Enterprise Investment Trust PLC

 

LEI:     213800E2VLUZ5AF9Z434

 

Date:   5 August 2024

 

 

Realisation of EV Holdings Limited ("EV")

 

Dunedin Enterprise Investment Trust PLC is pleased to announce that Dunedin
Buyout Fund III LP has entered into a legally binding agreement for the
realisation of its investment in EV, a provider of high-performance video
cameras and quantitative visual analytics to the global energy industry.

 

The investment in EV was valued, net of carried interest, at £2.6m at 30 June
2024.  Proceeds from the sale will amount to £2.6m, consisting entirely of
capital.

 

The transaction is subject to regulatory approval and is expected to complete
by the end of 2024.

 

Following completion of the EV realisation the Board intends to send
shareholders a proposal for a members' voluntary liquidation of the Company as
envisaged in the Chairman's Statement published in March.

 

 

 

END

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