11 Oct 2013 10:33

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NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC
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PORTFOLIO UPDATE
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The Board of North Atlantic Smaller Companies Investment Trust PLC is pleased to announce that with effect from today's date, the Company has sold its holding in Orthoproducts Limited, a world leader of specialist plastics for the orthopaedics industry.
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As a result of this transaction, the Company is expected to receive approximately £13 million in cash. The investment is being sold for approximately 4.0 times original cost and increased the NAV in September by approximately 18p. As a result of further negotiations, the sale will add approximately a further 6p to the net asset value in October.
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Christopher H.B. Mills
Chief Executive
020 7640 3201