Chrysalis Investments has said it has "visibility over a likely disposal” at a valuation that would imply an uplift of approximately 5.5p to its September-end net asset value.
In a stock exchange notice on Tuesday (5 December), the trust said the completion of the disposal, which is subject to conditions, is likely to take a number of months, with a further statement set to be made "in due course". Ewan Lovett-Turner, head of investment companies research at Deutsche Numis, said the potential disposal was a "significant positive development" for the trust, which could deliver a 4.1% increase to net assets, or £33m. Watts and Williamson depart Jupiter to focus on Chrysalis Chrysalis' managers Richard Watts and Nick Williamson recently announced they would...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
