7th Jun 2012 09:47
Matrix Income & Growth VCT plc
7 June 2012
Realisation of investment in Iglu.com Holidays Limited
The Board of Matrix Income & Growth VCT plc is pleased to announce that the Company has realised its investment in Iglu.com Holidays Limited through a sale to Growth Capital Partners for cash proceeds of £2,069,017. This realisation contributed to total cash proceeds of £ 3,584,573 to the Company over the life of the investment, representing a 2.5 times return on the Company's original investment of £1,421,750. This transaction in isolation has no material impact on the NAV per share at 31 March 2012 of 96.48 pence announced on 14 May 2012.
Iglu.com is the UK's largest specialist online ski holiday, and a fast growing cruise holiday, travel agent.
For further information, please contact:
Robert Brittain, for Matrix Private Equity Partners LLP, Company Secretary 020 3206 7000.
XLONRelated Shares:
Mobeus I&g