Dunedin Enterprise realises investment in Kee Safety
Source - SMW
Dunedin Enterprise Investment Trust has announced the successful realisation of its investment in Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards.
It said this followed completion of the transaction first announced on 18 Oct. The group said its holding in Kee Safety was valued at £11.6m at the end of June, the last published valuation.
It said total proceeds had been received of £15.8m (an uplift of £4.2m) consisting of capital of £15.1m and income of £0.7m.
After taking account of carried interest accrued within Dunedin Buyout Fund III LP the uplift per share equates to 4.4p.
At 9:07am: (LON:DNE) Dunedin Enterprise Investment Trust PLC share price was +0.63p at 456.5p