Literacy Cap Share News (BOOK)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Literacy Capital net asset value up as cash inflows sound

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Net asset value climbs 2.0% to 510.4 pence per share from 500.4p at December 31, and is 9.2% higher than 467.3p a year prior. NAV total return is 2.0%, improved from 1.6% in the fourth quarter of 2023 but down from a return of 11% in the first quarter of 2023. The company noted that its largest holding RCI, developed positively "and was the strongest contributor again in Q1." Richard Pindar, chief executive officer of Literacy's investment manager, says: "Cash inflows were again substantial, as the portfolio was rebalanced with capital recycled from more mature assets into new investment opportunities or used to pay down the fund's drawings under its revolving credit facility. We expect cash inflows to remain strong in the remainder of 2024, whilst we are also seeing many attractive opportunities to redeploy capital into newer investments."

Director dealings: Literacy Capital director makes share purchase

(Sharecast News) - Literacy Capital revealed on Tuesday that director Christopher Sellers had acquired 17,500 ordinary shares in the London-listed investment company.

IN BRIEF: Literacy Capital Director Sellers buys GBP90,000 in shares

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Independent Director Christopher Sellers buys 17,500 shares at GBP5.01 each, worth GBP87,675, in London on Monday.

IN BRIEF: Literacy Capital non-exec director buys GBP159,250 shares

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Independent Non-Executive Director Christopher Sellers buys 32,500 shares at GBP4.90 each for a total GBP159,250 on Thursday and Friday last week.

IN BRIEF: Literacy Capital completes refinancing of portfolio company

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Completes the refinancing of one of its largest - but undisclosed - portfolio companies with new lenders. The new debt facility releases cash to shareholders, including Literacy, with the fund's share amounting to GBP20 million. Literacy intends to use the cash proceeds to repay most of the amount drawn under its revolving credit facility, before recycling proceeds into new investments. Literacy expects to receive "meaningful" cash inflows over the remainder of 2024, given the level of interest in its portfolio companies. Says this transaction will have an immaterial immediate impact on net asset value.

TRADING UPDATES: Peel Hunt's RetailBook raises GBP2.5 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

EARNINGS AND TRADING: Literacy Capital sees record quarterly inflows

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

EARNINGS AND TRADING: SysGroup loss widens, Ajax interim loss narrows

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

DIRECTOR DEALINGS: Bridgepoint CFO and managing partner buy shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

IN BRIEF: Literacy Capital independent director sells 50,000 shares

Literacy Capital PLC - London-headquartered trust, which focuses on long-term investments in private UK businesses - Independent Director Kevin Dady sells 50,000 shares at GBP4.73 each, worth GBP236,500, in London on Tuesday.

Literacy Capital celebrates strong first half with asset value surge

(Alliance News) - Literacy Capital PLC on Monday said its net asset value increased 16% during its latest half-year, and that its portfolio companies have continued to show significant growth.

TRADING UPDATES: Literacy Capital nets profit on Butternut Box sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Literacy Capital touts strategy strength on good quarterly performance

(Alliance News) - Literacy Capital PLC on Tuesday celebrated a strong quarterly performance, after seeing increased returns on the sale of one of its largest assets.