Realisation of Innova

RNS Number : 2582A

Dunedin Enterprise Inv Trust PLC

22 December 2017

 

Dunedin Enterprise realisation of Innova

Dunedin Enterprise Investment Trust PLC is pleased to announce the realisation of its investment in Innova/5 LP, the private equity fund based in Warsaw which makes investments in Central Eastern Europe.  This follows on from the recent realisations of Kee Safety, Alpha FMC and Blackrock PM.

The holding in Innova was valued at £8.7m as at 30 September 2017, the last published valuation.  Total proceeds have been received of £9.1m, an uplift of £0.4m which equates to 2.1p per share. 

The Board, after reviewing outstanding commitments, intends to announce in January a further return of capital to shareholders.

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