Better Capital PCC announced completion of the disposal of Gardner Aerospace Holdings for an enterprise value of £326 million. The amount to be distributed to Better Capital shareholders is 107p which is slightly higher than our expectation of 105p which is partially due to the slightly higher than expected sale price.
Better Capital PCC is 4.3% of the portfolio as at 31 May 2017.
For the full release, click here.
British Empire Securities and General Trust p.l.c is referred to as ‘British Empire’ throughout the website. British Empire’s investment managers, Asset Value Investors are referred to as ‘AVI’