19th Nov 2009 15:42
Matrix Income & Growth 4 VCT plc
19 November 2009
Realisation of investment in PastaKing Holdings Limited
The Board of Matrix Income & Growth 4 VCT plc is pleased to announce that the Company has fully realised its investment in PastaKing Holdings, the Newton Abbott based award winning supplier of fresh pasta meals to the education sector and industry.
The Company's investment in PastaKing was sold to NBGI Private Equity for net proceeds of some 354,000 on 14 November 2009. This realisation contributed to total proceeds of some 432,000 to the Company over the life of the investment, representing a 3.25 fold gain on the Company's original investment of 133,055.
The proceeds realised above were reflected in the most recently announced net asset value per share at 31 July 2009, so the sale has no material impact on the Company's net asset value.
The Board intends to announce the Company's unaudited net asset value as at 31 October 2009 by early December.
MATRIX INCOME & GROWTH 4 VCT PLCRelated Shares:
MIG4.L