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On 9 June 2025, The Income & Growth VCT plc announced the sale of its investment in Rota Geek Limited, receiving £4.56 million in cash. This transaction generated a realised gain over cost of £1.63 million, which is equivalent to 0.50 pence per share. In isolation, this sale would increase the Company's latest announced unaudited NAV per share by 0.22 pence.
| Date | 9 Jun 2025 |
| Time | 12:30:01 |
| Category | Miscellaneous |
| ID | 0372M |
The Income & Growth VCT plc
(the "Company")
LEI: 213800FPC15FNM74YD92
9 June 2025
Realisation of investment in Rota Geek Limited
The Company is pleased to announce the sale of its investment in Rota Geek Limited. The Company has received £4.56 million in cash from the sale, generating a realised gain over cost for the life of the investment of £1.63 million, being the equivalent of 0.50 pence per share.
In isolation, the impact of this sale on the Company's latest announced unaudited NAV per share of 64.96 pence at 31 December 2024 (adjusted for a dividend of 2.50 pence paid on 11 April 2025), would be an increase of 0.22 pence per share. The Company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio, that may also have affected the NAV per share at 31 December 2024.
Cash proceeds have been received over the life of the investment of £4.69 million, against an original cost of £3.05 million. This represents a return to date for the Company of 1.5 times the original investment cost and an IRR of 9.1% in just under seven years that this investment was held.
The Company will be announcing its NAV per share at 31 March 2025 as part of its Half Year Report in mid-June.
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
+44 (0)20 7382 0999