Chrysalis Investments Limited has released its interim results for the period ending 31 March 2024. The company reported a 9.5% increase in Net Asset Value (NAV) per share, reaching 147.46 pence, and a 33.4% increase in share price to 83.00 pence. The total net assets also saw a 9.5% increase to £878 million. The first half of the financial year saw improving market conditions, leading to an increase in public and private asset valuations and M&A activity.

The Investment Adviser continues to focus on balancing investee company growth with a path to cash generation, aiming to drive maximum value across the portfolio. The company is exploring funding options for wefox, with potential ramifications for the Company's holding. Additionally, discussions for a "likely disposal" and debt facility negotiations are on track, potentially delivering over £100 million of near-term liquidity, representing approximately 22% of the Company's market capitalization.

The Board and the Investment Adviser are considering ways to address the share price discount to NAV after gaining approval for its Capital Allocation Policy (CAP). Andrew Haining, Chair, expressed the Board's awareness of the share price discount and the ongoing efforts to reduce it. The Investment Adviser is actively working to increase the Company's liquidity, with live discussions ongoing for potential cash realizations.

Nick Williamson and Richard Watts, Managing Partners of the Investment Adviser, highlighted the encouraging market backdrop and the ongoing efforts to increase the Company's liquidity, which is seen as key to unlocking the CAP and addressing the current discount to NAV. They also mentioned other processes at different stages of maturity and certainty, which could lead to further significant cash realizations.

The announcement also provided contact information for further inquiries and emphasized that the information contained regarding the Company's investments has not been independently verified and is unaudited. It also included the disclaimer that the announcement is for information purposes only and is not an offer to invest, advising prospective investors to seek expert advice before making any investment decision.