CIP Merchant Capital sells down stake in Alkemy
CIP Merchant Capital Limited NPV
50.00p
16:55 07/06/22
25.00%
10.00p
CIP Merchant Capital has sold 40,000 shares in Alkemy, it announced on Thursday, for €0.8m net of commissions and expenses.
Equity Investment Instruments
12,024.90
15:45 15/11/24
-0.58%
-70.73
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
n/a
The AIM-traded firm said its average buy-in price for its holding in Alkemy was €11.28 per share, and the average sale price was €20.08 per share, representing a cash-on-cash return of 1.78x.
“Following the Divestment, CIP holds a remaining interest of 361,415 ordinary shares in Alkemy,” the board said in its statement.
For the year ended 31 December 2020, Alkemy reported a net profit after tax of €1.82m, and had net assets of €31.40m.