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IN BRIEF: Literacy Capital net asset value rises after Wifinity sale

16th Sep 2021 06:53

Literacy Capital PLC - investor in unlisted UK companies - On Wednesday says the management buyout of portfolio company Wifinity completes at more than double the valuation recorded on June 30. That increases Literacy Capital's net asset value by 3.3%, or 6.0p per share. Literacy Capital will reinvest the proceeds and retain a minority stake in Wifinity.

Current stock price: 300.00p

IPO-to-date change: up from 180.00p on June 25

By Ivan Edwards; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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