18th Aug 2020 07:00
To: RNS
From: Dunedin Enterprise Investment Trust PLC ("the Company")
Date: 18 August 2020
LEI: 213800E2VLUZ5AF9Z434
Hawksford partial realisation
Dunedin Enterprise Investment Trust PLC is pleased to announce a proposed injection of growth capital from a new majority investor into Hawksford, a leading provider of corporate, private client and fund services, together with a partial realisation of its investment.
Dunedin Enterprise will retain a 5% interest in Hawksford. The transaction is subject to regulatory approval in both Jersey and Singapore.
The investment in Hawksford was valued at £6.9m at 30 June 2020. Proceeds to Dunedin Enterprise from the proposed transaction will amount to £6.9m, consisting of capital of £6.3m and income of £0.6m.
Proceeds are dependent upon regulatory approval being received which is expected to take around six months.
For further information please contact:
Dunedin LLP
Graeme Murray 0131 718 2310
Related Shares:
Dunedin Ent.it.