Kings Arms Yard VCT (GB:KAY) has released an update.
Kings Arms Yard VCT PLC, also known as Albion KAY VCT, has announced the successful acquisition of Egress Software Technologies by KnowBe4, following the receipt of regulatory approvals. This transaction has resulted in a significant return of over seven times the investment cost and has led to an uplift of 0.42 pence per share, which is a 2.06% increase to the company’s NAV as of 31 March 2024. The company’s effective unaudited NAV now stands at 20.82 pence per share after the dividend adjustment on 30 April 2024.
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