HgCapital Trust's £6m gain

10th Feb 2011 12:45

HgCapital Trust has made a £6m gain on the sale of its stake in SiTel Semiconductor. The investment will raise cash of £9.6m, against a book value of £3.6m at the end of November 2010. The uplift is worth an additional 16.3p a shave in net asset value - on a fully diluted basis. The investment was originally acquired in September 2005. The estimated fully diluted NAV of HgCapital Trust is 1035p a share. HgCapital Trust, is a listed investment trust which invests in all HgCapital's deals alongside its institutional clients.