REG - North Atlantic Smlr - Investment Update: Performance Chemicals

North Atlantic Smaller Companies Investment TrustAnnouncement

03/10/2024 12:00

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RNS Number : 8585G  North Atlantic Smlr Co Inv Tst PLC  03 October 2024

 

North Atlantic Smaller Companies Investment Trust PLC

("NASCIT")

 

 

The Board of the Trust is pleased to announce the sale of Performance
Chemicals for approximately £11.6 million.

The company, which is held in the Unquoted Portfolio, had a cost basis of
approximately £230,000. The sale is at a modest uplift from the August Dollar
valuation and there will be a further uplift of about $1,000,000 should the
earn out be achieved and the escrows released as expected.

 

Enquiries:

Christopher Mills and Christopher Hart

020 7640 3200

 

 

 

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