HgCapital Trust plc Share News (HGT)

LONDON BRIEFING: Phoenix Group hails "impressive" first-half

(Alliance News) - Stocks in London are called lower on Monday, as investors focus on the week's upcoming central bank decisions.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: HgCapital Trust books 32% gain from sale of Commify stake

HgCapital Trust PLC - London-based investment vehicle that provides access to the private equity investments of New York-based manager Hg - HgCapital Trust says net asset value will receive a 1.2 pence per share uplift from the sale by Hg of Commify, a Nottingham, England-based provider of business messaging services via mobile phone, to private equity firm ECI Partners LLP. The full exit by Hg was worth EUR300 million in total. It had first invested in Commify in 2016. HgCapital Trust says the deal values its own stake in Commify at GBP21.9 million, a 32% uplift over the investment's book value as of March 31 of GBP16.6 million. This will put pro-forma NAV at 475.3p per share.

IN BRIEF: HgCapital Trust to get net asset value bump from Hg disposal

HgCapital Trust PLC - London-based investment vehicle that provides access to the private equity investments of New York-based manager Hg - HgCapital Trust will book a 68% uplift to the carrying value of its investment in Pesaro, Italy-based TeamSystem Spa, after manager Hg agreed a partial disposal of its investment in the business software firm, including to the Abu Dhabi Investment Authority and CapitalG, Alphabet Inc's investment fund. Hg has held a minority stake in TeamSystem since 2015 and will continue to do so when the partial sale completes in the first quarter of next year. The sale price values HgCapital Trust's investment in TeamSystem at GBP33.3 million, an uplift of GBP13.5 million or 2.9 pence per HgCapital Trust share, over carrying value. This will put the pro-forma NAV of HgCapital at 474.3p per share. HgCapital Trust will release its interim results on September 18.

HgCapital invests GBP6 million in mobility solutions provider Nomadia

(Alliance News) - HgCapital Trust PLC said it will invest around GBP6 million in Paris-based software-as-a-service mobility solutions provider Nomadia.

IN BRIEF: HgCapital Trust manager agrees to realisation of Azets

(Alliance News) - HgCapital Trust on Monday noted its manager, HG, has agreed to a part realisation of its investment in Azets Group.

HgCapital Trust to invest GBP9.8 million in US software firm GTreasury

(Alliance News) - HgCapital Trust PLC on Thursday said it will invest in treasury, payments and risk management provider GTreasury in the US.

UK dividends calendar - next 7 days

IN BRIEF: HgCapital Trust net asset value rises on portfolio results

HgCapital Trust PLC - London-based investment vehicle that provides shareholders access to the unquoted businesses managed by New York-based Hg - Net asset value per share is 470.6 pence on March 31, up 3.1% from 456.6p at December 31. Revenue at HgCapital Trust's top 20 investments, representing 77% of its portfolio, grew by 30% over the past 12 months, while earnings before interest, tax, depreciation and amortisation at the same companies grew by 27%.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Mila in joint venture talks, Ecora CEO buys shares

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

IN BRIEF: HgCapital Trust reduces commitment to HG Saturn

HgCapital Trust PLC - London-based investment vehicle that provides shareholders access to the unquoted businesses managed by New York-based Hg - Completes the 15% reduction of its commitment to HG Saturn 3. Says this allows for increased investment flexibility ahead of what is expected to be an "attractive period for new investment". Adds there is no negative impact on its balance sheet from the resizing of the fund commitment.

UK dividends calendar - next 7 days

SUMMARY: London listings with exposure to Silicon Valley Bank

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

HgCapital year-end NAV per share up; return outperforms FTSE All-Share

(Alliance News) - HgCapital Trust PLC on Monday reported an improved year-end net asset value per share from a year prior, and said its total return outperformed the FTSE All-Share index.