3 Aug 2018 07:00
Augmentum Fintech Plc - Portfolio UpdateAugmentum Fintech Plc - Portfolio Update
PR Newswire
London, August 2
3 August 2018
Augmentum Fintech plc
Portfolio Company Fundraising
AugmentumĀ FintechĀ plc (LSE: AUGM)Ā (āthe Companyā) announces that a fundraisingĀ announced today by pioneeringĀ financial services company ZopaĀ implies a revised valuation ofĀ the Company's investment in Zopa atĀ approximately Ā£22.0 million. This would represent an uplift of Ā£3.5 million or 3.7 pence per share over the carrying value of Ā£18.5 million in the Net Asset Value ("NAV") of the Company on admission.Ā Zopa will be formally revalued by the Company at the end of the interim period ending 30 September 2018.
Ends.
For further information on the Company, please contact:
| Augmentum Fintech plc Tim Levene Richard Matthews Nigel Szembel | info@augmentumcapital.com +44 (0)20 3961 5420 |
| Fidante Capital Tom Skinner Nick Donovan | +44 (0)20 7832 0900 |
| Newgate Communications Bob Huxford Robin Tozer | augmentum@newgatecomms.com +44 (0)20Ā 3757 6867Ā |
Follow the stocks