Disposal

RNS Number : 2528L
British Smaller Companies VCT2 Plc
21 December 2018
 

British Smaller Companies VCT2 plc ("the Company")

 

Realisation of investments

 

The Company is pleased to announce that it has realised its investments in GTK (Holdco) Limited, Mangar Health Limited and Gill Marine Holdings Limited generating total proceeds of approximately £9.0m.  This is an increase of £1.7m (equivalent to 1.6 pence per Ordinary share) over the respective valuations at 30 September 2018.

 

The realisation of GTK (Holdco) Limited delivered a total return of £3.9m, achieving a multiple of 3.4x original cost.

 

The realisation of Mangar Health Limited delivered a total return of £4.4m, achieving a multiple of 2.7x original cost.

 

The realisation of Gill Marine Holdings Limited delivered a total return of £3.7m, achieving a multiple of 2.0x original cost.

 

Following the above realisations, investments made prior to the November 2015 Budget now represent 63 per cent of the value of the remaining unquoted portfolio as at 30 September 2018.

 

 

21 December 2018

 

For further information, please contact:

 

David Hall                           YFM Private Equity Limited                      Tel: 0113 244 1000

Jonathan Becher                Panmure Gordon                                         Tel:  0207 886 2715


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