8th Jun 2022 15:46
Oakley Capital Investments Ltd - investment trust - Says Oakley Capital Fund IV reached an agreement to sell its stake in Contabo, a cloud hosting platform. Oakley's share of the proceeds will be around GBP59 million. This represents a more than 100% premium to its carrying value at March 31, and a 17 pence per share uplift to the company's net asset value. Oakley Capital Fund V will acquire a minority stake in Contabo.
Current stock price: 398.04 pence, up 2.5% in London
12-month change: up 16%
By Heather Rydings; [email protected]
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