DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

M&A Activity • Dec 15, 2021

National Storage Mechanism | Additional information

RNS Number : 6147V

Dunedin Enterprise Inv Trust PLC

15 December 2021

Dunedin Enterprise Investment Trust PLC ("the Company")

Date:                   15 December 2021

LEI:                     213800E2VLUZ5AF9Z434

Global Processing Services ("GPS") partial realisation

Dunedin Enterprise Investment Trust PLC ("DENT") is pleased to announce that regulatory approval has now been granted for the partial realisation of GPS.  GPS is a market leader in payment processing technology. The investment in GPS is held via DENT's interest in Dunedin Buyout Fund III LP ("DBFIII").

At 30 September 2021 the investment in GPS was valued at £24.1m.

Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m.  In addition, £5.9m has been rolled into GPS Newco.  DENT will retain a 1.5% interest in GPS Newco. 

The cash received by DENT will be net of a carried interest payment arising in DBFIII of £3.8m.  This carried interest payment was accrued for in the net asset value at 30 September 2021.

For further information please contact:

Dunedin LLP

Graeme Murray                                  07813138367

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

PFUFLFSLFLLSLIL