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Literacy Capital PLC ( (GB:BOOK) ) has shared an update.
Literacy Capital PLC has announced a new investment in Trinitatum, a company specializing in test automation software for the energy and financial trading markets. This investment, which gives Literacy Capital a majority stake, is part of its strategy to support founder-led businesses with strong growth potential. The investment was funded by refinancing another portfolio company, demonstrating strong revenue and profitability growth. Literacy Capital plans to enhance Trinitatum’s management team to explore further applications for its software, potentially expanding its market reach. This move is expected to strengthen Literacy Capital’s portfolio and provide value to its shareholders.
More about Literacy Capital PLC
Literacy Capital PLC is an investment trust co-founded by Paul and Richard Pindar in 2017, with a focus on long-term investments in growing private businesses. The fund, which is listed on the London Stock Exchange, aims to create additional value with its support and has a unique charitable objective to donate 0.5% of its annual NAV to UK literacy charities.
YTD Price Performance: -14.10%
Average Trading Volume: 13,140
Technical Sentiment Consensus Rating: Buy
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