Disposal of care home investment

17 December 2014

Crown Place VCT PLC

Disposal of investment in Oakland Care Centre

The Board is pleased to announce the successful sale of its investment in Oakland Care Centre Limited, realising net proceeds of £3,320,000, compared to book value of £3,078,000 at 30 September 2014, and cost of £1,913,000.

As a result of the sale, Crown Place VCT PLC has, since its original investment in November 2010, received a return of approximately 2.0x its investment, including loan stock interest received over the course of the investment.
For further enquiries, please contact:

Emil Gigov
Partner, Albion Ventures LLP
020 7601 1850

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Source: Crown Place VCT PLC via Globenewswire

HUG#1881078