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LONDON - Caledonian Holdings plc (AIM:CHP) has sold its entire stake in Skillcast Group plc, according to a statement released Friday.
The AIM-quoted investing company, which focuses on the financial services market, sold 625,676 shares in Skillcast between September 3, 2024, and June 26, 2025, at an average price of approximately 43p per share, generating net proceeds of about £266,901.63.
The disposal is expected to yield a realized gain of £6,233 for the financial year ending March 31, 2025, and £64,441 for the year ending March 31, 2026.
Caledonian initially invested £250,000 in Skillcast through a subscription of 675,676 new ordinary shares at 37p per share during Skillcast’s IPO funding round in December 2021.
Following the complete divestment, Caledonian stated that proceeds will be reinvested in accordance with its investment objectives.
Skillcast, which provides compliance solutions for companies, reported revenue of £13.2 million and profit before tax of £0.5 million for the year ended December 31, 2024. The company’s audited net assets stood at £5.8 million as of that date.
The information is based on a press release statement from Caledonian Holdings.
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