Schroder Br.Opps.Tst - Acquisition of Graphcore by SoftBank Group Corp.
12/07/2024 07:00
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RNS Number : 1305W Schroder British Opportunities Tst. 12 July 2024
12 July 2024
Schroder British Opportunities Trust plc
Acquisition of Graphcore by SoftBank Group Corp.
Schroder British Opportunities Trust plc ("SBO") announces the acquisition of
its holding in the British semiconductor company Graphcore by SoftBank Group
Corp.
SBO originally backed Graphcore in late 2020. SBO will receive back its
original capital investment in the company, less some expenses. SBO had been
valuing its holding in Graphcore at a lower value, and so this sale will
result in an uplift of 22% on the latest (Q1 2024) valuation. The impact on
the overall net asset value of SBO will be approximately +68 bps.
Enquiries:
Katherine Fyfe (Company Secretary)
Schroder Investment Management
Limited
Tel: 020 7658 6000
Andy Pearce (PR)
Schroder Investment Management Limited
Tel: 020 7658 6000
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