7 Oct 2022 07:00
RNS Number : 0894C
Dunedin Enterprise Inv Trust PLC
07 October 2022
Dunedin Enterprise Investment Trust PLC ("the Company")
Date: 7 October 2022
LEI: 213800E2VLUZ5AF9Z434
RED realisation
Dunedin Enterprise Investment Trust PLC ("DENT") is pleased to announce that regulatory approval has now been granted for the realisation of RED. RED is a provider of SAP contract and permanent staff. The investment in RED is held via DENT's interest in Dunedin Buyout Fund II LP.
At 30 June 2022 the investment in RED was valued at £23.7m.
Proceeds now received from the transaction amount to £24.1m, consisting of capital of £20.1m and income of £4.0m.
The Board intends to announce a distribution to shareholders during October 2022.
For further information please contact:
Dunedin LLP
Graeme Murray 07813138367
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Dunedin Ent.it. (DNE)