North Atlantic Smaller Companies Investment Trust PLC
("NASCIT")
The Board of the Trust is pleased to announce the sale of Performance Chemicals for approximately £11.6 million.
The company, which is held in the Unquoted Portfolio, had a cost basis of approximately £230,000. The sale is at a modest uplift from the August Dollar valuation and there will be a further uplift of about $1,000,000 should the earn out be achieved and the escrows released as expected.
Enquiries:
Christopher Mills and Christopher Hart
020 7640 3200
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