DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

M&A Activity • Aug 5, 2024

National Storage Mechanism | Additional information

RNS Number : 0737Z

Dunedin Enterprise Inv Trust PLC

05 August 2024

Dunedin Enterprise Investment Trust PLC

LEI:     213800E2VLUZ5AF9Z434

Date:   5 August 2024

Realisation of EV Holdings Limited ("EV")

Dunedin Enterprise Investment Trust PLC is pleased to announce that Dunedin Buyout Fund III LP has entered into a legally binding agreement for the realisation of its investment in EV, a provider of high-performance video cameras and quantitative visual analytics to the global energy industry.

The investment in EV was valued, net of carried interest, at £2.6m at 30 June 2024.  Proceeds from the sale will amount to £2.6m, consisting entirely of capital.  

The transaction is subject to regulatory approval and is expected to complete by the end of 2024.

Following completion of the EV realisation the Board intends to send shareholders a proposal for a members' voluntary liquidation of the Company as envisaged in the Chairman's Statement published in March.

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