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IN BRIEF: Portfolio company of Puma VCTs gets management buyout

21st Jun 2021 18:42

Puma VCT 11 PLC, Puma VCT 12 PLC, Puma VCT 13 PLC - venture capital trusts - All note that the founders of Pure Cremation have undertaken a management buy-out of the VCT's holding, having secured funding from Santander UK to support the buyout, leaving the business 100% owned by its four executive directors. The cash proceeds attributable to the company are not materially different from the value at which the company currently holds the investment, they add.

Puma VCT 11 current stock price: 70.00p

Year-to-date change: down 6.7%

Puma VCT 12 current stock price: 83.00p

Year-to-date change: down 11%

Puma VCT 13 current stock price: 85.00p

Year-to-date change: flat

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.

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