Capital for Colleagues plc - Portfolio Update - Office for Public Management Limited
PR Newswire
London, October 19
Capital for Colleagues plc / EPIC: CFCP / Market: AQSE / Sector: Investment
19 October 2021
CAPITAL FOR COLLEAGUES PLC
('Capital for Colleagues', 'C4C' or the 'Company')
PORTFOLIO UPDATE - OFFICE FOR PUBLIC MANAGEMENT LIMITED
Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business ('EOB') sector, is pleased to announce that it has sold its investment in portfolio company, Office for Public Management Limited ('OPML'), for cash consideration of £469,000.
The Company invested £250,000 in OPML, an independent research and consultancy organisation which supports and champions the delivery of social impact, in 2016, and is realising its investment to leave OPML as a 100% EOB.
The proceeds of the disposal will be applied in the ongoing fulfilment of the Company's investment strategy and for general working capital purposes.
Alistair Currie, Chief Executive of Capital for Colleagues, said:
'We are delighted with the profitable realisation of our investment in OPML. We have supported and guided OPML since 2016 and wish the management and employees well on the next stage of the company's development.'
The Directors of the Company are responsible for the contents of this announcement.
**ENDS**
For further information, please visit www.capitalforcolleagues.com or contact:
CAPITAL FOR COLLEAGUES PLC Richard Bailey, Chairman Alistair Currie, Chief Executive John Lewis, Director | 01985 201 980 |
| PETERHOUSE CAPITAL LIMITED Mark Anwyl | 020 7469 0930 |
Capital for Colleagues
Capital for Colleagues is an investment company focused on the UK EOB sector. The Company has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and capitalise on EOB-focused investment opportunities. In addition, the Company educates and assists companies that are looking to launch employee ownership schemes, advising them, amongst other things, on how to secure investment and achieve their objectives.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).
