Dunedin Ent.it. Regulatory News (DNE)

RNS announcement

Dunedin Enterprise realises investment in Capiton

Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise" and "the Company") is pleased to announce that it has sold its entire investment and outstanding commitments in Capiton IV for a consideration of €4.19m. Outstanding commitments to Capiton IV were €10.8m. The proceeds represent an uplift of £0.2m on Dunedin Enterprise's last published value at 31 March 2012. 

Capiton IV invests in small and medium sized companies based in German speaking Europe. This realisation is in line with Dunedin Enterprise's strategy of progressively refocusing the portfolio on UK lower mid-market buyouts where the Company has invested directly or through funds managed by its investment manager, Dunedin LLP. Dunedin Enterprise's remaining third party managed fund investments may be held to maturity, although the Directors will consider earlier sales of all or any of those investments, together with any associated undrawn commitments, if the Directors believe that any such sales on the terms proposed are in the best interests of Shareholders as a whole.

In view of this and other recent realisations, the Board intends to put proposals to shareholders for the distribution of relevant amounts in accordance with Dunedin Enterprise's distribution policy. These proposals will form part of the announcement of the Dunedin Enterprise interim results for the six month period ended 30 June 2012 which are expected to be released on or around 31 August 2012.

EnquiriesShaun Middleton/Graeme MurrayDunedin LLPT: 0131 225 6699