Company Announcements
Disposal of a care home investment
Related Companies
17 December 2014
Disposal of investment in Oakland Care Centre
The Board is pleased to announce the successful sale of its investment in Oakland Care Centre Limited, realising net proceeds of £5,705,000, compared to book value of £5,289,000 at 30 September 2014, and cost of £3,287,000.
As a result of the sale, Albion Venture Capital Trust PLC has, since its original investment in November 2010, received a return of approximately 2.0x its investment, including loan stock interest received over the course of the investment.
For further enquiries, please contact:
Emil Gigov
Partner, Albion Ventures LLP
020 7601 1850
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Albion Venture Capital Trust PLC via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Albion Venture Capital Trust PLC via Globenewswire
HUG#1881093
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