IN BRIEF: North Atlantic Smaller Cos sells Performance Chemicals

North Atlantic Smaller Companies Investment Trust PLC - investor in smaller companies based in ...

Alliance News 3 October, 2024 | 5:33PM
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North Atlantic Smaller Companies Investment Trust PLC - investor in smaller companies based in countries bordering the North Atlantic Ocean - Announces sale of Performance Chemicals for GBP11.6 million. The company was held in the unquoted portfolio and had a cost basis of around GBP230,000. The sale is at a modest uplift from the August dollar valuation, and the company says there will be a further uplift of around USD1.0 million if the earn out is achieved and escrows are released as expected.

Current stock price: 3,955.00 pence, down 0.1% in London on Thursday afternoon

12-month change: up 13%

By Emily Parsons, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
North Atlantic Smaller Cos Ord 3,630.00 GBX 0.00 -

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