In a stock exchange notice today (12 July), Chrysalis said it would receive proceeds of £43.8m as a result of the sale, which represents a 25% increase in Chrysalis’s current £35.1m valuation of the UK-based chipmaker.
The move is set to boost Chrysalis’s liquidity. As of 10 July, the trust’s total liquidity stood at approximately £13.8m, expected to rise to around £50m following the sale of Graphcore. This increase will meet the trust’s ‘cash reserve’ requirement under its capital allocation policy (CAP).
Chrysalis adds €3m to European insurer wefox amid insolvency risks
“With the…
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