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Hygea Vct Regulatory News (HYG)
Regulatory News for Hygea Vct (HYG)
| Share Price: 71.50 | Bid: 68.00 | Ask: 75.00 | Change: 0.00 (0.00%) |  | ||||||
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Portfolio Update
Tue, 22nd Sep 2009 10:10
RNS Number : 4463Z
Hygea VCT plc
22 September 2009
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22 SEPTEMBER 2009
HYGEA VCT PLC
PORTFOLIO UPDATE
Hygea VCT plc ("the Company") announces the sale of its investment in DxS Limited, which provides molecular diagnostic products and services to the healthcare industry, for initial cash proceeds of £3.6 million. The Company may become entitled to receive up to a further £2.5 million over the period to 2012 subject to the achievement by DxS of specified objectives.
The initial sale price of £3.6 million, which includes repayment of loans and interest thereon, represents an uplift of £1.2 million (equivalent to 14.4p per ordinary share in the Company) over the carrying value of the investment as reflected in the unaudited net asset value of 75.3p per share as at 30 June 2009 which was announced by the Company on 19 August 2009.
The Company invested a total of £0.3 million in DxS in early-stage funding rounds led by NVM Private Equity in 2004 and 2006. The total income and capital proceeds to date (excluding contingent future payments) represent a money multiple of 11.2 times the original investment.
Enquiries:
Charles Breese, Hygea VCT plc on 01280 703482 or larpentnewton@btinternet.com
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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| Date | Source | Headline | Category |
|---|---|---|---|
| 08-May-13 15:59 | ONE | Hygea VCT plc : Result of AGM and Interim Management Statement | Company Announcement - General |
| 22-Mar-13 07:00 | ONE | Hygea VCT plc : Annual Financial Report | Company Announcement - General |
| 27-Dec-12 14:13 | ONE | Hygea VCT plc : Appointment of Broker | Company Announcement - General |
| 30-Aug-12 07:00 | ONE | Hygea VCT plc : Unaudited Half-Yearly Report for the Six Months ended 30 June 2012 | Company Announcement - General |
| 10-May-12 07:01 | ONE | Hygea VCT plc : Results of AGM and Interim Management Statement | Company Announcement - General |
| 22-Mar-12 07:00 | RNS | Final Results | Results and Trading Reports |
| 07-Nov-11 12:03 | ONE | Hygea VCT plc : Director's Dealings | Company Announcement - General |
| 29-Oct-10 11:18 | RNS | Interim Management Statement | Company Announcement - General |
| 07-Sep-10 11:34 | RNS | Director's Dealings | Directors' Dealings |
| 05-Aug-10 07:00 | RNS | Half Yearly Report | |
| 07-May-10 07:00 | RNS | Results of AGM and IMS to 31 March 2010 | Results and Trading Reports |
| 31-Mar-10 16:48 | RNS | Annual Financial Report | Results and Trading Reports |
| 22-Jan-10 12:26 | RNS | Declaration of Interim Dividend | Company Announcement - General |
| 24-Sep-09 09:43 | RNS | Director's Dealing | Company Announcement - General |
| 22-Sep-09 10:10 | RNS | Portfolio Update | Company Announcement - General |
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Regulatory news is displayed end of day, each day at 19:00.
