IN BRIEF: Literacy Capital net asset value rises after Wifinity sale

Literacy Capital PLC - investor in unlisted UK companies - On Wednesday says the management ...

Alliance News 16 September, 2021 | 5:53AM
Email Form Facebook Twitter LinkedIn RSS

Literacy Capital PLC - investor in unlisted UK companies - On Wednesday says the management buyout of portfolio company Wifinity completes at more than double the valuation recorded on June 30. That increases Literacy Capital's net asset value by 3.3%, or 6.0p per share. Literacy Capital will reinvest the proceeds and retain a minority stake in Wifinity.

Current stock price: 300.00p

IPO-to-date change: up from 180.00p on June 25

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Literacy Capital PLC 503.00 GBX 0.90 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures