20th Feb 2014 09:41
LONDON (Alliance News) - EPE Special Opportunities PLC Thursday said a limited partnership in which it is the majority limited partner, has disposed of its investment in Bighead Holdings Ltd to the company's management, which will allow EPE to invest the capital in new deals.
The disposal of Bighead Holdings returned GBP4.0 million in cash to ESO Investments 1 LP at the exit date, meaning the total return since the stake was acquired in September 2010 came to GBP4.6 million after taking into account income as well as proceeds.
EPE Special Opportunities said the disposal was completed at a 31.4% premium to its holding value of Bighead.
The holding value was GBP3.0 million.
EPE said it intends to release its full-year report and accounts on March 18.
The company's shares were Thursday quoted at 87.00 pence, untraded.
By Samuel Agini; [email protected]; @samuelagini
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