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Dunedin Enterprise Investment Trust PLC announced on 21 March 2022 the realisation of Incremental, an IT services platform. Proceeds received from this realisation, after payment of carried interest in Dunedin Buyout Fund III LP, amounted to £7.9m, comprising £7.1m capital and £0.8m income. This figure compares to a 31 December 2021 valuation net of carried interest of £4.8m, resulting in an uplift of £3.1m or 23.4p per share.
| Date | 21 Mar 2022 |
| Time | 12:43:10 |
| Category | Corporate updates |
| ID | 4690F |
Dunedin Enterprise Investment Trust PLC ("the Company")
Date: 21 March 2022
LEI: 213800E2VLUZ5AF9Z434
Incremental realisation
Dunedin Enterprise Investment Trust PLC ("DENT") is pleased to announce the realisation of Incremental, the market-leading IT services platform which designs implements and supports clients with ERP/CRM systems and cloud infrastructure.
Proceeds received, after the payment of carried interest in Dunedin Buyout Fund III LP, amount £7.9m, consisting of capital of £7.1m and income of £0.8m. This compares to a valuation net of carried interest at 31 December 2021 of £4.8m.
The uplift on the 31 December 2021 valuation is £3.1m, equivalent to 23.4p per share.
For further information please contact:
Dunedin LLP
Graeme Murray 07813138367