6th Oct 2023 12:00
Portfolio UpdateALBION TECHNOLOGY & GENERAL VCT PLC
LEI Code 213800TKJUY376H3KN16
PORTFOLIO UPDATE
Albion Technology & General VCT PLC (“the Company”) is pleased to announce that it has sold a proportion of its holding in Quantexa Limited at its current holding value, with the aim of managing its concentration risk.
The proceeds for the Company are £3.4m, equating to a 10.3 times return on its weighted average investment cost. This decreases the Company’s holding in Quantexa to 18.4% of the Company's most recently announced NAV.
The value of the Company’s remaining holding in Quantexa, following this transaction, is £24.9m.
The disposal was realised at the Company’s current valuation, which crystalises a portion of the unrealised gain. There is no impact on the Company's NAV resulting from this transaction.
For further information please contact:Vikash HansraniOperations PartnerAlbion Capital Group LLPTelephone: 020 7601 1850
6 October 2023
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Albion. Tch Vct