Portfolio Update: Coventbridge Group Limited

Summary by AI ^BETAClose X

North Atlantic Smaller Companies Investment Trust PLC has announced a partial sale of Coventbridge Group Limited, which will result in the repayment of a 10% loan note plus approximately £5.9 million in interest, and an additional £8.0 million distribution from Harwood Private Equity IV. This transaction yields a total equity return of approximately 2.6 times the initial investment. The remaining business assets, held in a Newco, are valued modestly due to ongoing contract renewals, but there is potential for further upside if negotiations are successful, with the overall transaction value exceeding the end-January valuation.

Disclaimer*

North Atlantic Smlr Co Inv Tst PLC

30 June 2026

North Atlantic Smaller Companies Investment Trust PLC

("NASCIT")

30^th June 2026

Portfolio Update: Coventbridge Group Limited

The Board of North Atlantic Smaller Companies Investment Trust plc. ("NASCIT") is pleased to announce the partial sale of Coventbridge Group Limited which will result in the repayment of the 10% loan note plus interest amounting to circa £5.9m and approximately a further £8.0m from a distribution from Harwood Private Equity IV resulting from the sale. The total return on the equity is circa 2.6x.

The remaining business assets (which will be held in a Newco) are valued very modestly as they are subject to contract renewals. There could, however, be a further good upside should the negotiations be successful. The overall value of the transaction is at a premium to the end January valuation.

For enquires:

Christopher Mills 020 7640 3200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END