Dunedin Enterprise Inv Trust PLC Portfolio Update
05 August 2024 - 4:00PM
RNS Regulatory News
RNS Number : 0737Z
Dunedin Enterprise Inv Trust PLC
05 August 2024
Dunedin Enterprise Investment Trust PLC
LEI:
213800E2VLUZ5AF9Z434
Date: 5 August 2024
Realisation of EV Holdings Limited ("EV")
Dunedin Enterprise Investment Trust
PLC is pleased to announce that Dunedin Buyout Fund III LP has
entered into a legally binding agreement for the realisation of its
investment in EV, a provider of high-performance video cameras and
quantitative visual analytics to the global energy
industry.
The investment in EV was valued, net
of carried interest, at £2.6m at 30 June 2024. Proceeds from
the sale will amount to £2.6m, consisting entirely of capital.
The transaction is subject to
regulatory approval and is expected to complete by the end of
2024.
Following completion of the EV
realisation the Board intends to send shareholders a proposal for a
members' voluntary liquidation of the Company as envisaged in the
Chairman's Statement published in March.
END
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