CT PRIVATE EQUITY TRUST PLC

M&A Activity • Mar 24, 2021

National Storage Mechanism | Additional information

RNS Number : 2539T

BMO Private Equity Trust PLC

24 March 2021

To:                          RNS

From:                    BMO Private Equity Trust PLC

Date:                     24 March 2021

Investment Update

BMO Private Equity Trust PLC announces that the software company Dotmatics, in which the Company has a holding, has entered an agreement for its sale to US based company Insightful Science. The transaction is expected to complete early in Q2.

The investment is led by Scotland based growth equity investor Scottish Equity Partners (SEP) and the company is also held in SEP Fund V. Taking both the co-investment and the holding through the fund together, the transaction values BMO Private Equity Trust's position at £37.7 million or 51 pence per share. This compares with the last published valuation (as at 30 September 2020) of £9.5 million or 13 pence per share.

There is a small rollover into the new combined entity of 12% of the value with the remaining 88% of the value being paid in cash.

The Company expects to release its preliminary results for the year ended 31 December 2020 shortly.

Legal Entity Identifier: 2138009FW98WZFCGRN66

For further information please contact:

Hamish Mair (Investment Manager)	0131 718 1184
Scott McEllen (Company Secretary)	0131 718 1137
hamish.mair@bmogam.com  / scott.mcellen@bmogam.com

This announcement is released by BMO Private Equity Trust PLC and qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

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