Disposal of investment in Iglu.com Holidays Lim...
The Income & Growth VCT plc
7 June 2012
Realisation of investment in Iglu.com Holidays Limited
The Board of The Income & Growth VCT plc is pleased to announce that the
Company has realised its investment in Iglu.com Holidays Limited through a sale
to Growth Capital Partners for cash proceeds and interest of £1,455,265. This
realisation contributed to total cash proceeds of £2,530,415 to the Company
over the life of the investment, representing a 2.5 times return on the
Company's original investment of £1 million. This transaction in isolation has
no significant impact on the NAV per share at 31 March 2012 of 105.4 pence
announced on 29 May 2012.
Iglu.com is the UK's largest specialist online ski holiday, and a fast growing
cruise holiday, travel agent.
For further information, please contact:
Robert Brittain, for Matrix Private Equity Partners LLP, Company Secretary 020
3206 7000.
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