REG - North Atlantic Smlr - Portfolio Update

North Atlantic Smaller Companies Investment TrustAnnouncement

17/07/2023 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230717:nRSQ2540Ga&default-theme=true

RNS Number : 2540G  North Atlantic Smlr Co Inv Tst PLC  17 July 2023

 

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC ("NASCIT")

 

 

 

NASCIT is pleased to announce that, subject to FCA approval, Harwood Private
Equity V, in which NASCIT has a substantial investment, sold on Friday 14th
July one of its private equity holdings.  On a look-through basis NASCIT
invested £2.75m just under three years ago and expects to receive at the
closing, approximately £7.5m with a further earn out of up to £0.7m within
the next year. This represents an uplift on the 30th June 2023 valuation of
approximately £2.0m.

 

Enquiries:

Christopher Mills and Christopher Hart

020 7640 3200

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  PFUFDLFFXDLZBBB