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SME Credit Realisation Fund Ltd - credit investment - Sells all of its remaining US loans to an unnamed third-party buyer. Expects to receive proceeds consistent with the £2.5 million carrying value of the loans. Notes that the sale is subject to an amortising indemnity provision of around £400,000, which will restrict the company’s ability to fully distribute the proceeds to shareholders for a period of up to 12 months.
‘As part of the managed wind-down of its operations, the company continues to explore opportunities for further sales where appropriate,’ SME Credit Realisation Fund says.
Current stock price: 104.50 pence
12-month change: up 25%
By Sophie Rose, Alliance News reporter
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