Disposal of stake in Tictrac Limited

RNS Number : 0874K
Puma VCT 13 PLC
03 May 2022
 

 

Puma VCT 13 plc (the "Company")

 

3 May 2022

 

Disposal of stake in Tictrac Limited

 

The Board of Puma VCT 13 plc is pleased to announce that Tictrac Limited ("Tictrac") has been acquired by Dialogue Health Technologies Inc. In 2020 the Company invested £1,850,000 in Tictrac. The exit represents a 1.93x return on the Company's investment, representing an IRR of 37.18%. The resulting cash proceeds attributable to the Company are not materially different from the value at which the Company currently holds its investment in Tictrac.

 

Tictrac offers an advanced health and wellness app for insurance companies and corporate clients to provide to their user bases. The app integrates data from wearable technology, delivering it to end users in a digestible format to drive up levels of engagement and increase customer loyalty.

 

For further information please contact:

 

Graham Shore

Puma VCT 13 plc

020 7408 4050

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