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Puma Alpha VCT plc announced the disposal of its stake in Tictrac Limited, following Tictrac's acquisition by Dialogue Health Technologies Inc. The Company had invested £600,000 in Tictrac in 2020. This exit generated a 1.93x return on investment and an IRR of 37.18%.
| Date | 3 May 2022 |
| Time | 09:45:54 |
| Category | Disposals |
| ID | 0877K |
Puma Alpha VCT plc (the "Company")
3 May 2022
Disposal of stake in Tictrac Limited
The Board of Puma Alpha VCT plc is pleased to announce that Tictrac Limited ("Tictrac") has been acquired by Dialogue Health Technologies Inc. In 2020 the Company invested £600,000 in Tictrac. The exit represents a 1.93x return on the Company's investment, representing an IRR of 37.18%. The resulting cash proceeds attributable to the Company are not materially different from the value at which the Company currently holds its investment in Tictrac.
Tictrac offers an advanced health and wellness app for insurance companies and corporate clients to provide to their user bases. The app integrates data from wearable technology, delivering it to end users in a digestible format to drive up levels of engagement and increase customer loyalty.
For further information please contact:
Paul Frost
Company Secretary
Puma Alpha VCT plc
020 7408 4050