Portfolio Update

RNS Number : 5037E
Dunedin Enterprise Inv Trust PLC
07 July 2021
 

Dunedin Enterprise Investment Trust PLC

 

LEI:  213800E2VLUZ5AF9Z434

 

Date:  7 July 2021

 

 

Dunedin Enterprise Investment Trust PLC is pleased to announce that Dunedin Buyout Fund II LP has entered into a legally binding agreement to realise the investment in UPOL, the manufacturer of automotive refinish products including body fillers, coatings, aerosols, polishing compounds and consumables.  The transaction is subject to regulatory approval and is expected to complete in the second half of 2021.

 

The investment in UPOL was valued at £10.5m in the Preliminary Unaudited Net Asset Value at 31/3/21 published on 4 May 2021.  Proceeds from the sale, including redemptions of loan stock since 31/3/21, are expected to amount to £21.8m (an uplift of £11.3m, or 62.4p per share), consisting of capital of £19.5m and income of £2.3m.

 

Following regulatory approval being received the Board intends to announce a distribution to shareholders.

 

 

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