TIDMIGV

RNS Number : 4039O

Income & Growth VCT (The) PLC

07 October 2021

The Income & Growth VCT plc

(the "Company")

   LEI:   213800FPC15FNM74YD92

Realisation of investment in Proactive Group Holdings Inc

The Company is pleased to announce the sale of its investment in Proactive Group Holdings Inc ("Proactive") on 29 September 2021. The Company has received GBP2.49 million in cash following the disposal of its equity and loan notes, contributing to a realised gain over cost over the life of the investment of GBP1.56 million, being the equivalent of 1.31 pence per share. The net proceeds received (after deducting transactions costs) are not materially different to the valuation of the Company's holding in Proactive that is included within the Company's NAV per share as at 30 June 2021.

Cash proceeds have been received over the life of the investment of GBP2.55 million, against an original cost of GBP0.99 million. This represents a return for the Company of 2.6 times the original investment cost and an IRR of 33.2% in under four years that this investment was held.

For further information, please contact:

Trish Standaloft

020 7024 7616

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October 07, 2021 10:00 ET (14:00 GMT)

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