Chrysalis Investments Limited Portfolio Update (4927E)
07 Julio 2021 - 05:58AM
UK Regulatory
TIDMCHRY
RNS Number : 4927E
Chrysalis Investments Limited
07 July 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
7(th) July 2021
Chrysalis Investments Limited ("Chrysalis" or the "Company")
Portfolio Update
Following Wise plc's ("Wise") direct listing today on the London
Stock Exchange, the Investment Advisor believes it is important to
give the Company's shareholders further clarity over the carrying
value of the Company's holding in Wise.
The Company's carrying value of Wise, based on the number of
shares at admission, equates to a Wise share price of approximately
511 pence. Per the announcement released by the Company on 6(th)
July 2021, Wise accounted for approximately 8% of the Net Asset
Value of Chrysalis.
Wise has followed a direct listing route to IPO, which involves
no new capital being raised. In order to make sufficient liquidity
available to enable the process to proceed, along with other
principal shareholders, Chrysalis agreed to sell a small part of
its pre-IPO position at the auction clearing price. The rest of the
Company's position is unencumbered by any selling restrictions.
Richard Watts and Nick Williamson (co-portfolio managers)
comment:
"Our engagement with Wise dates back to 2017 - when it was just
breaking into profitability - and Wise formed part of Chrysalis's
initial portfolio at IPO. As such, we have observed the significant
growth in both revenues and profits delivered by Wise for our
investors. This has resulted in a rising valuation for Wise and we
wish Kristo, Taavet and the team much success in the listed
environment as they continue their mission of increasing access to
significantly cheaper foreign exchange channels."
-ENDS-
For further information, please
contact:
Media: +44 (0) 20 3770 7920
Montfort Communications chrysalis@montfort.london
Charlotte McMullen/ Toto Reissland-
Burghart/ Miles McKechnie
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown/ Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at
https://www.chrysalisinvestments.co.uk/
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the
Company.
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END
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July 07, 2021 06:58 ET (10:58 GMT)
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