22 Jan 2019 07:00
RNS Number : 6706N
Dunedin Enterprise Inv Trust PLC
22 January 2019
Dunedin Enterprise realisation of Litalsa
21 January 2019
Dunedin Enterprise Investment Trust PLC is pleased to announce the successful realisation of Litalsa, an investment held within the Realza portfolio. Litalsa is a leading independent provider of printing and varnishing services for metal can and closure manufacturers in Spain.
The investment in Litalsa was valued at £3.5m (€4.0m) as at 30 September 2018, the last published valuation. Total proceeds from the sale amounted to £3.9m (€4.5m) an uplift of £0.4m, or 1.9p per share. The original cost of the investment in Litalsa was £1.4m (€1.9m) and, over its life, a total of £3.9m (€4.5m) will have been received by Dunedin Enterprise representing a 2.9 times return.
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Dunedin Ent.it. (DNE)