Dunedin Enterprise Investment Trust PLC has announced the realisation of its investment in EV Holdings Limited, a provider of high-performance video cameras and quantitative visual analytics to the global energy industry. The investment in EV was valued at £2.6m at 30 June 2024, and the 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 the 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.