17 Jul 2023 12:41
RNS Number : 2540G
North Atlantic Smlr Co Inv Tst PLC
17 July 2023
NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC ("NASCIT")
NASCIT is pleased to announce that, subject to FCA approval, Harwood Private Equity V, in which NASCIT has a substantial investment, sold on Friday 14th July one of its private equity holdings. On a look-through basis NASCIT invested £2.75m just under three years ago and expects to receive at the closing, approximately £7.5m with a further earn out of up to £0.7m within the next year. This represents an uplift on the 30th June 2023 valuation of approximately £2.0m.
Enquiries:
Christopher Mills and Christopher Hart
020 7640 3200
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North Atl.smlr (NAS)