28 July 2021 - divestment
The investment company has announced that following the takeover of Proactis Holdings by Café Bidco Limited for cash of 75p per share, the scheme has now become effective. CIP held 2,825,000 shares in Proactis at a cost of 32.82p and so has made a significant profit on its holding being 2.3x the original cost. The net asset value per share of CIP on 23 July was 87.29p per share and so the share price stands at a significant discount to this of 35%. With CIP investing in a small number of . . .
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