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BRIEF-HgCapital sells software provider Sequel to Verisk Analytics
August 21, 2017 / 12:05 PM / 3 months ago

BRIEF-HgCapital sells software provider Sequel to Verisk Analytics

Aug 21 (Reuters) - HGCAPITAL TRUST PLC:

* SALE OF SEQUEL

* ‍ADDS TO NAV PER SHARE FROM SALE OF SEQUEL​

* COMPANY WILL REALISE CASH PROCEEDS OF APPROXIMATELY 20.2 MILLION STG ON COMPLETION OF TRANSACTION

* DEAL REPRESENTS UPLIFT OF 12.5 MILLION STG OR 33 PENCE PER SHARE OVER CARRYING VALUE OF 7.7 MILLION STG IN NAV AT 31 MAY BASED ON VALUATION AS AT 31 DEC

* HGCAPITAL AND SEQUEL WERE ADVISED BY QUAYLE MUNRO, LINKLATERS AND DELOITTE Source text for Eikon: Further company coverage:

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