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LONDON - Income & Growth VCT plc has successfully completed the sale of its stake in Rota Geek Limited, a transaction that has resulted in a cash inflow of £4.56 million for the investment company. The sale has produced a realized gain of £1.63 million over the cost of the investment, which translates to an increase of 0.50 pence per share.
The impact of this transaction on the company’s net asset value (NAV) per share, which was last reported as 64.96 pence as of December 31, 2024, is an increase of 0.22 pence per share. This figure is presented in isolation and does not account for other potential changes to the company’s balance sheet that may have occurred since the last NAV announcement.
Over the course of the investment, Income & Growth VCT received a total cash return of £4.69 million compared to the initial investment cost of £3.05 million. This reflects a return of 1.5 times the original investment and an internal rate of return (IRR) of 9.1% over the nearly seven-year period that the investment was held.
The company is expected to reveal its updated NAV per share as of March 31, 2025, in its upcoming Half Year Report, which is due to be published in mid-June. This sale is a standalone event and should be viewed independently from other transactions and valuation changes in the company’s investment portfolio.
The information in this article is based on a press release statement by Income & Growth VCT plc.
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