Chrysalis eyes 4.1% net asset value uplift from 'likely' portfolio holding sale

Would add 5.5p to NAV

Chrysalis Investments has said it has "visibility over a likely disposal” at a valuation that would imply an uplift of approximately 5.5p to its September-end net asset value.

In a stock exchange notice on Tuesday (5 December), the trust said the completion of the disposal, which is subject to conditions, is likely to take a number of months, with a further statement set to be made "in due course". Ewan Lovett-Turner, head of investment companies research at Deutsche Numis, said the potential disposal was a "significant positive development" for the trust, which could deliver a 4.1% increase to net assets, or £33m. Watts and Williamson depart Jupiter to focus on Chrysalis Chrysalis' managers Richard Watts and Nick Williamson recently announced they would...