Disposal

Literacy Capital PLC

13 October 2026

 

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

This announcement contains inside information.

13 October 2026

Literacy Capital plc ("Literacy Capital", "BOOK" or the "Fund")

Disposal

Literacy Capital completes sale of its minority stake in Cubo Work

Literacy Capital has sold its entire minority stake in Cubo Work ("Cubo") to the majority shareholder of the business. As part of the agreement, financial terms have not been disclosed.

CEO of BOOK's investment manager, Richard Pindar, said:

"Following our announcement on 2 October, we believe the disposal of our minority stake in Cubo is in the best interests of both BOOK's shareholders and Cubo.

Whilst the proceeds received are modest relative to the 30 June 2026 carrying value, it allows us to focus on the future without further distraction, and is an improvement on the valuation guidance we gave earlier this month."

-ENDS-

For further information, please contact:

Literacy Capital plc / Book Asset Management LLP

Richard Pindar / Aasha Tailor

[phone]

MHP Group

Reg Hoare / Ollie Hoare / Matthew Taylor

[e-mail]

[phone]

Deutsche Numis

Hugh Jonathan / George Shiel

[phone]

About Literacy Capital plc

Literacy Capital (BOOK.L) is an investment trust that was co-founded by Paul Pindar and Richard Pindar in 2017 with £54 million of capital. Literacy subsequently listed on the London Stock Exchange in June 2021. The Fund focuses on opportunities to invest for the long-term in growing private businesses where a clear route to creating additional value can be seen with its support. The fund structure is evergreen, allowing it to be more flexible and to accommodate the wishes or needs of founders.

It also has a unique charitable objective, to donate 0.5% of annual NAV to charities focused on improving UK literacy in children. £13.5 million has been donated or reserved for donation to charities since the trust's creation in 2017.  For more information, please visit our website: www.literacycapital.com.

A copy of this announcement will be available on the Fund's website at www.literacycapital.com.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk.  Past performance is no guarantee of future returns.  Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.  The value of investments may fluctuate.  Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

LEI: 2549006P3DFN5HLFGR54

 

END