06.10.2023 13:00:00
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Portfolio Update
ALBION DEVELOPMENT VCT PLC
LEI Code 213800FDDMBD9QLHLB38
PORTFOLIO UPDATE
Albion Development VCT PLC ("the Company”) is pleased to announce that it has sold a proportion of its holding in Quantexa Limited at its current holding value, with the aim of managing its concentration risk.
The proceeds for the Company are £2.7m, equating to an 11.9 times return on its weighted average investment cost. This decreases the Company’s holding in Quantexa to 17.9% of the Company's most recently announced NAV.
The value of the Company’s remaining holding in Quantexa, following this transaction, is £22.3m.
The disposal was realised at the Company’s current valuation, which crystalises a portion of the unrealised gain. There is no impact on the Company's NAV resulting from this transaction.
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
6 October 2023
![](https://ml-eu.globenewswire.com/media/ZjU3MjE2MDYtOWZiZS00YWM2LTljYWEtN2Y4NmQzZjA5MTUwLTExMjIxMDk=/tiny/Albion-Development-VCT-PLC-Ord.png)
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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