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| TIDM | NAS |
| Share Price | 415.00p-0.24% |
| Market Cap | £518.75m |
North Atlantic Smaller Companies Investment Trust PLC (NASCIT) announced on 03 October 2024 the sale of Performance Chemicals for approximately £11.6 million. Performance Chemicals, held in NASCIT's Unquoted Portfolio, had a cost basis of approximately £230,000. The announcement also noted a potential further uplift of about $1,000,000, contingent on an earn-out being achieved and escrows released.
| Date | 3 Oct 2024 |
| Time | 11:51:04 |
| Category | Corporate updates |
| ID | 8585G |
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