Source - LSE Regulatory
RNS Number : 8585G
North Atlantic Smlr Co Inv Tst PLC
03 October 2024
North Atlantic Smaller Companies Investment Trust PLC
("NASCIT")
The Board of the Trust is pleased to announce the sale of Performance Chemicals for approximately £11.6 million.
The company, which is held in the Unquoted Portfolio, had a cost basis of approximately £230,000. The sale is at a modest uplift from the August Dollar valuation and there will be a further uplift of about $1,000,000 should the earn out be achieved and the escrows released as expected.
Enquiries:
Christopher Mills and Christopher Hart
020 7640 3200
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