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Literacy Cap (BOOK) Share News

IN BRIEF: Literacy Capital increases credit facility to GBP50 million

15th Apr 2025 13:19

Literacy Capital PLC - London-based investment trust that makes long-term investments in private UK businesses and donates to literacy and education charities - Increases the limit of its revolving credit facility with OakNorth Bank PLC to GBP50 million from GBP40 million. The existing rates of interest and the term to September 2027 are unchanged. The increase is not expected to increase costs for Literacy, it says. Minimum net asset value increases to GBP225 million from GBP200 million. Read More

Literacy Capital completes investment in meat producer Langford's

9th Apr 2025 11:31

(Alliance News) - Literacy Capital PLC on Wednesday said it has completed an investment into Welsh meat producer Langford's. Read More

DIRECTOR DEALINGS: Burford Capital team sell USD3 million in shares

31st Jan 2025 13:18

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News: Read More

IN BRIEF: Literacy Capital buys significant minority stake in amplify5

6th Nov 2024 12:30

Literacy Capital PLC - London-based investment company focused on UK businesses - Makes a significant minority investment in amplify5, a provider of offshoring to Cape Town, South Africa. Literacy Capital says the investment will fund further growth of the company. No financial details of the amplify5 investment have been provided. Read More

Literacy Capital net asset value down, dragged by two key investments

28th Oct 2024 11:28

(Alliance News) - Literacy Capital PLC on Monday said its net asset value for the third quarter of 2024 has fallen, due to a reduction in the carrying value of two assets. Read More

Literacy Capital refinances revolving credit facility with OakNorth

23rd Sep 2024 11:00

(Alliance News) - Literacy Capital PLC on Monday announced it has refinanced and extended a revolving credit facility to provide the business with additional capital and flexibility. Read More

EARNINGS AND TRADING: Belluscura optimistic; Flowtech makes buy

27th Aug 2024 21:47

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Literacy Capital invests in digital marketing firm, Campfire

13th Aug 2024 20:12

Literacy Capital PLC - London-based investment trust - Makes a significant minority investment into Campfire, a leading digital marketing agency based in Manchester. The investment will support Campfire's continued growth, both organically and via strategic acquisitions, with a focus on their technology-centric proposition. Read More

IN BRIEF: Literacy Capital net asset value rises in second quarter

29th Jul 2024 20:53

Literacy Capital PLC - London-based investment trust - Reports net asset value at June 30 up 2.4% at 522.60 pence per share from 510.40 in quarter prior. Says RCI Group continued to be main driver of returns and Cubo Work and Wifinity traded "encouragingly". Notes Techpoint as "most significant detractor from NAV". Investee has made several recent changes to management. Literacy invested total GBP5.0 million in second quarter. Cash inflow amounted to GBP5.6 million in the quarter. Read More

UK shareholder meetings calendar - next 7 days

8th May 2024 15:55

IN BRIEF: Literacy Capital net asset value up as cash inflows sound

29th Apr 2024 14:26

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Net asset value climbs 2.0% to 510.4 pence per share from 500.4p at December 31, and is 9.2% higher than 467.3p a year prior. NAV total return is 2.0%, improved from 1.6% in the fourth quarter of 2023 but down from a return of 11% in the first quarter of 2023. The company noted that its largest holding RCI, developed positively "and was the strongest contributor again in Q1." Richard Pindar, chief executive officer of Literacy's investment manager, says: "Cash inflows were again substantial, as the portfolio was rebalanced with capital recycled from more mature assets into new investment opportunities or used to pay down the fund's drawings under its revolving credit facility. We expect cash inflows to remain strong in the remainder of 2024, whilst we are also seeing many attractive opportunities to redeploy capital into newer investments." Read More

IN BRIEF: Literacy Capital Director Sellers buys GBP90,000 in shares

9th Apr 2024 12:06

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Independent Director Christopher Sellers buys 17,500 shares at GBP5.01 each, worth GBP87,675, in London on Monday. Read More

IN BRIEF: Literacy Capital non-exec director buys GBP159,250 shares

8th Apr 2024 18:41

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Independent Non-Executive Director Christopher Sellers buys 32,500 shares at GBP4.90 each for a total GBP159,250 on Thursday and Friday last week. Read More

IN BRIEF: Literacy Capital completes refinancing of portfolio company

3rd Apr 2024 15:53

Literacy Capital PLC - London-headquartered trust focused on long-term investments in private UK businesses - Completes the refinancing of one of its largest - but undisclosed - portfolio companies with new lenders. The new debt facility releases cash to shareholders, including Literacy, with the fund's share amounting to GBP20 million. Literacy intends to use the cash proceeds to repay most of the amount drawn under its revolving credit facility, before recycling proceeds into new investments. Literacy expects to receive "meaningful" cash inflows over the remainder of 2024, given the level of interest in its portfolio companies. Says this transaction will have an immaterial immediate impact on net asset value. Read More

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