7th Jun 2012 09:56
Matrix Income & Growth 4 VCT plc
7 June 2012
Realisation of investment in Iglu.com HolidaysLimited
The Board of Matrix Income & Growth 4 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 (and interest) of £1,278,073. This realisation contributed to total cash proceeds of £2,222,323 to the Company over the life of the investment, representing a 2.5 times return on the Company's original investment of £878,249. This transaction in isolation has no significant impact on the NAV per share of 116.73 pence per share as at the year-end of 31 January 2012, which was announced on 1 May 2012.
Iglu is the UK's largest specialist 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:
MIG4.L