Major liquidity events totalling £43 million

RNS Number : 8160M

Oryx International Growth Fund Ld

23 September 2021

 

23 September 2021

Oryx International Growth Fund Limited

("the company")

Major liquidity events totalling £43 million

The Board of Oryx International Growth Fund Limited ("Oryx") is pleased to note the offer for Augean plc at 372pps. When the acquisition is completed this will add circa £30m to the company's cash resources.

Hamsard Limited is being sold for £2.2m, with the cash proceeds expected to be received by the end of this month.

Minds + Machines Group Limited having sold its business is being liquidated with approximately a further £8m in cash expected.

BigBlu Broadband has announced a return of 45pps which will add a further £3.1m.

The Board of Oryx would like to thank Jim Meredith the Executive Chairman of Augean and the management team for their outstanding achievement in building value for shareholders. The offer represents a 9.4x return on our investment over a four year period.

Enquiries:

Jasper Cross

BNP Paribas Securities Services S.C.A., Guernsey Branch

Tel: [phone]

 

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