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SME Credit Realisation Fund Ltd - credit investment fund - Completes asset realisation strategy and expects to receive £20.5 million in carrying value. Says sale is subject to indemnity provision of around £4.9 million. SME Credit intends to delist its shares and to be placed into liquidation after the completion of the portfolio sales. The company expects at least £23 million in total net proceeds from combined portfolio sales. Chair Frederic Hervouet says: ‘The board is very pleased with the outcome from the sale of the company’s remaining loan pools, which represents a successful end to our realisation strategy. We are now working on the next stage of the wind down and aim to present our proposals for liquidation and delisting to shareholders in short order.’
Current stock price: 107.00 pence, up 7.0% on Monday
12-month change: up 24%
By Tom Budszus, Alliance News reporter
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