TIDMICGT 
 
   26 November 2020 
 
   ICG ENTERPRISE TRUST PLC 
 
   Portfolio liquidity events 
 
   ICG Enterprise Trust is pleased to announce that following the recent 
IPO of Telos Corporation ("Telos") on NASDAQ that its investment in 
private securities of Telos has been converted to publicly tradable 
stock, generating a significant uplift to ICG Enterprise Trust's net 
asset value. Telos is a US-based provider of cyber, cloud and enterprise 
security services. ICG Enterprise Trust originally invested directly in 
private securities of the company in 1998. 
 
   At the closing valuation of Telos (NASDAQ:TLS) on 25 November 2020 of 
$20.06 per share, ICG Enterprise Trust estimates that the resulting 
uplift relative to its 31 July 2020 net asset value would be 3.0%, or 
33.8p per share. 
 
   ICG Enterprise Trust is also pleased to announce that Graphite Capital 
has reached an agreement to sell City & County Healthcare Group, a 
provider of home care services in the UK. This company was ICG 
Enterprise Trust's 8(th) largest investment at 31 July 2020, 
representing 2% of total portfolio value. The financial terms of the 
transaction have not been disclosed. ICG Enterprise Trust estimates that 
the uplift arising from this disposal relative to its 31 July 2020 net 
asset value represents an increase of 0.3%, or 3.5p per share. The 
transaction is subject to customary closing conditions, with proceeds 
expected to be received by the end of this calendar year. 
 
   These two transactions would collectively result in a combined uplift to 
the 31 July 2020 net asset value of ICG Enterprise Trust of 3.3%, or 
37.3p per share. 
 
   Enquiries 
 
   Analyst / Investor enquiries:                                                                                  +44 (0) 20 3545 2000 
 
 
   Oliver Gardey, Head of Private Equity Fund Investments, ICG 
 
   Colm Walsh, Managing Director, ICG 
 
   James Caddy, Investor Relations, ICG 
 
 
 
 
   Media: 
 
   Ed Gascoigne Pees, Eddie Livingstone-Learmonth, Camarco 
+44 (0) 20 3757 4993 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 26, 2020 02:47 ET (07:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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