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Literacy Capital PLC ( (GB:BOOK) ) just unveiled an update.
Literacy Capital PLC announced its investment in Langford’s, a premium meat product manufacturer in Wales, marking the first acquisition for the newly formed Red Sky Food Group. This investment facilitates the retirement of Langford’s founders, with Christine’s son, Josh Gethin, continuing as Managing Director. Red Sky Food Group, led by Executive Chairman Mark Chantler, aims to expand in the food manufacturing sector, focusing on protein-based products. The partnership with Chantler, who brings extensive experience from Meadow Foods, is expected to generate strong returns for shareholders and further develop Langford’s business.
More about Literacy Capital PLC
Literacy Capital PLC is an investment trust co-founded by Paul and Richard Pindar in 2017, focusing on long-term investments in growing private businesses with clear value creation routes. Listed on the London Stock Exchange since 2021, it operates with an evergreen fund structure and has a charitable objective to donate 0.5% of its annual NAV to UK literacy charities, having reserved or donated £11.2m since inception.
YTD Price Performance: -11.23%
Average Trading Volume: 14,124
Technical Sentiment Signal: Strong Buy
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