Completion of Disposal

Summary by AI ^BETAClose X

Macaulay Capital PLC announces the completion of the disposal of its portfolio company ICA Limited, with consideration for investors introduced by Chelverton Asset Management Limited representing a return of up to 15.5 times their original 2016 investment, prior to performance fees. As a result of this successful exit, Macaulay Capital will receive management and performance fees totaling £349,508 from certain ICA shareholders.

Disclaimer*

Macaulay Capital PLC

09 March 2026

9 March 2026

Macaulay Capital PLC

("Macaulay" or the "Company")

Completion of disposal of ICA Limited ("ICA") and receipt of performance fees

Macaulay Capital PLC (AQSE:MCAP), which was formed to originate and manage corporate transactions, raise funds from third parties, invest its own funds alongside those of external investors and to manage its investment portfolio with the aim of maximising its value, announces the completion of the sale by related investors of their interests in ICA, a portfolio company, and associated fees payable to Macaulay.

As announced on 11 February 2026, a newly formed bidco, Certania Acquico-UK Ltd, established by Certania Holding GmbH, conditionally agreed to acquire ICA ("the Disposal"). All the conditions have now been satisfied and as announced on 6 March 2026 by CEPS plc, which owned shares in ICA, the Disposal has completed.

For investors introduced by Chelverton Asset Management Limited, the consideration represents a return of up to 15.5 times their original investment in 2016, pre-performance fees.

Also and as a result of the return on the investment, management and performance fees are payable by certain ICA shareholders to Macaulay of £349,508.

ENDS

Enquiries:

Macaulay Capital PLC
Clive Milner	+44 (0)20 3946 5980

Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Louise O'Driscoll	+44 (0)20 7213 0880

Oberon Capital (Broker)
Chris Crawford	+44 (0)20 3179 5304

For more information please visit: www.macaulaycapital.com

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