26 Nov 2020

Portfolio liquidity events

ICG Enterprise Trust is pleased to announce that following the recent IPO of Telos Corporation (“Telos”) on NASDAQ that its investment in private securities of Telos has been converted to publicly tradable stock, generating a significant uplift to ICG Enterprise Trust’s net asset value. Telos is a US-based provider of cyber, cloud and enterprise security services. ICG Enterprise Trust originally invested directly in private securities of the company in 1998.

At the closing valuation of Telos (NASDAQ:TLS) on 25 November 2020 of $20.06 per share, ICG Enterprise Trust estimates that the resulting uplift relative to its 31 July 2020 net asset value would be 3.0%, or 33.8p per share.

ICG Enterprise Trust is also pleased to announce that Graphite Capital has reached an agreement to sell City & County Healthcare Group, a provider of home care services in the UK. This company was ICG Enterprise Trust’s 8th largest investment at 31 July 2020, representing 2% of total portfolio value. The financial terms of the transaction have not been disclosed. ICG Enterprise Trust estimates that the uplift arising from this disposal relative to its 31 July 2020 net asset value represents an increase of 0.3%, or 3.5p per share. The transaction is subject to customary closing conditions, with proceeds expected to be received by the end of this calendar year.

These two transactions would collectively result in a combined uplift to the 31 July 2020 net asset value of ICG Enterprise Trust of 3.3%, or 37.3p per share.

Share price (ICGT)

1,130p
-10.00P (-0.88%)
5:22AM 17 Oct 2021
The share price information is delayed by at least 15 minutes

Net Asset Value

1,523p
As of 31 July 2021
Next update: Q3 results for quarter ended 31 October 2021
Year Net assets NAV per share Share price Dividends per share
Jan 2021 £952m 1,384p 966p 24p
Jan 2020 £794m 1,152p 966p 23p
Jan 2019 £731m 1,057p 822p 22p
Jan 2018 £664m 959p 818p 21p
Jan 2017 £613m 871p 698p 20p
Jan 2016 £521m 731p 545p 11p
Jan 2015 £507m 695p 575p 15.5p
Jan 2014 £494m 677p 563p 15.5p
Jan 2013 £460m 631p 487p 5p
Jan 2012 £415m 569p 357p 5p
Jan 2011 £389m 534p 308p 2.25p
Dec 2009 £338m 464p 305p 2.25p
Dec 2008 £327m 449p 187p 4.5p