Chrysalis Investments Limited has confirmed the likely disposal of Graphcore, which has been acquired by SoftBank Group Corp. The company expects to receive approximately $56.0 million in cash proceeds, representing a 25% premium to its current carrying value of Graphcore. The Investment Adviser noted that Graphcore was a riskier position in the portfolio but offered a way of defraying that risk due to the Company's position in the capital structure.

As of 10 July 2024, the Company had total liquidity of approximately £13.8 million, mainly comprised of cash and a position in Wise. Following the sale of Graphcore and a further expected investment into wefox, the Company expects to have total liquidity of approximately £50 million, meeting the "cash reserve" detailed under the Company's Capital Allocation Policy.

The Managing Partners of the Investment Adviser commented on the sale of Graphcore, stating that the Company will have met the cash reserve required to fulfill the first part of the Capital Allocation Policy. They also mentioned that the Company continues to be involved in other processes that could lead to further cash realizations and is exploring the merits of combining these with a debt facility.

The announcement also includes contact information for further inquiries and a disclaimer regarding the information provided. It emphasizes that the announcement is for information purposes only and is not an offer to invest, and all investments are subject to risk. The value of investments may fluctuate, and prospective investors are advised to seek expert advice before making any investment decision.

For further information, please visit the Company's website at https://www.chrysalisinvestments.co.uk.