Draper Esprit VCT plc Devc: Portfolio Update
17 Septiembre 2021 - 1:05AM
UK Regulatory
TIDMDEVC
Draper Esprit VCT plc
LEI: 2138003I9Q1QPDSQ9Z97
Portfolio Update
17 September 2021
Draper Esprit VCT plc ("DE VCT") is pleased to announce that
portfolio company, Back Office Technology Ltd trading as Form3
("Form3"), has completed a $160m Series C funding, with Draper
Esprit plc, Goldman Sachs, Lloyds Banking Group, Nationwide
Building Society, Barclays, Mastercard and 83North all
participating in the round. Form3 is a leading platform payment
technology provider.
The funding round values DE VCT's existing shareholding in Form3
at GBP8.0 million, an uplift of GBP5.6 million compared to the
previous carrying value. This particular uplift equates to an
increase in DE VCT's Net Asset Value per share ("NAV") of 3.8p per
share. The valuation of all unquoted investments in the portfolio
will be reviewed for the Half Yearly Report for the six months to
30 September 2021.
The audited NAV as at 31 March 2021 was 50.0p per share.
Applying this uplift to the 31 March 2021 NAV gives an updated
unaudited NAV of 53.8p per share.
Enquiries:
Grant Whitehouse - Company Secretary - 0207 630 4333
(END) Dow Jones Newswires
September 17, 2021 02:05 ET (06:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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