StockMarketWire.com - Hg, the Manager of HgCapital Trust plc sold Foundry to technology company Roper Technologies.

Foundry provided creative software for film post production visual effects with its Nuke product range and a series of complementary products, the company said.

Following completion of this transaction, the pro-forma net asset value of the Trust was expected to be £798.6m or 2,139.6p per share. The company expected to realise estimated cash proceeds of approximately £28.0m.

The company's liquid resources available for future deployment (including all announced transactions) were estimated to be £144m.

The company said it now had access to a £80m standby facility, which was currently undrawn.


At 8:01am: [LON:HGT] HG Capital Trust PLC share price was +15p at 2135p



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