Menhaden Resource Efficiency PLC

MHN

GB00BZ0XWD04

Investment Trusts

Market Closed - London S.E. Other stock markets 11:35:25 2024-05-01 am EDT			5-day change	1st Jan Change
104 ^GBX	-0.48%		0.00%	+3.23%

Apr. 22	EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	AN
Apr. 22	Menhaden Resource Efficiency PLC Recommends Final Dividend for the Year Ended December 31, 2023, Payable on 5 July 2024	CI

Menhaden Resource Efficiency Plc - Portfolio Update

November 20, 2023 at 02:02 am EST

20 November 2023

Menhaden Resource Efficiency PLC

(the “Company”)

LEI: 2138004NTCUZTHFWXS17

Portfolio Update

Following the completion of KKR's sale of its remaining 50% stake in X-Elio, the Company received a final distribution of USD 16.9 million. The investment delivered an aggregate return on invested capital of 2.15x in USD and 2.6x in GBP to the Company, and demonstrates the value of the Company’s ability to partner with leading global private equity firms.

The Company is actively evaluating new private equity opportunities. In the interim, the proceeds will be largely deployed in the existing public equity portfolio.

Frostrow Capital LLP
Company Secretary

Latest news about Menhaden Resource Efficiency PLC

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	Apr. 22	AN
Menhaden Resource Efficiency PLC Recommends Final Dividend for the Year Ended December 31, 2023, Payable on 5 July 2024	Apr. 22	CI
Menhaden Resource receives USD16.9 million from investment	Nov. 22	AN
Menhaden Resource Efficiency Secures $17 Million Distribution from Stake Sale	Nov. 20	MT
Menhaden net asset value up but Marble Point's slips	23-09-15	AN
Tranche Update on Menhaden Resource Ef?ciency PLC's Equity Buyback Plan announced on February 10, 2023.	23-09-15	CI
Menhaden Resource Efficiency PLC Declares Final Dividend for the Year Ended 31 December 2022	23-06-21	CI
Menhaden Resource Efficiency PLC Elects Soraya Chabarek as Director	23-06-21	CI
Menhaden Resource Efficiency PLC's Equity Buyback announced on February 10, 2023, has expired with 975,000 shares, representing 1.2% of it's issued share capital, for £0.93 million.	23-06-21	CI
Menhaden Resource Efficiency NAV declines in 2022	23-03-29	AN
Menhaden Resource Efficiency plc Recommends Final Dividend for the Year Ended 31 December 2022, Payable on 30 June 2023	23-03-29	CI
Menhaden Resource Efficiency PLC commences an Equity Buyback Plan under the authorization approved on June 22, 2022.	23-02-10	CI
Land Securities taps former Kingfisher CEO Cheshire as chair	23-01-20	AN
Landsec Names Spire Healthcare Chairman as Chair Designate	23-01-20	MT
Menhaden Resource Efficiency PLC Announces Board Changes	23-01-20	CI
Menhaden Resource Efficiency plc Announces Final Dividend for the Year Ended December 31, 2021	22-06-22	CI
Menhaden Resource Efficiency PLC Recommends Final Dividend for the Year Ended 31 December 2021, Payable on 29 June 2022	22-04-21	CI
Menhaden Resource Efficiency PLC Announces Board Changes	22-01-19	CI
Menhaden plc Reports Earnings Results for the Six Months to 30 June, 2021	21-09-08	CI
Menhaden PLC has Changed its Name to Menhaden Resource Efficiency PLC	21-06-14	CI
Menhaden PLC Reports Earnings Results for the Year Ended December 31, 2020	21-04-08	CI
Menhaden plc Appoints Ian Cheshire as Director and Chairman	21-03-23	CI
Menhaden PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2020	20-09-24	CI
Menhaden plc Declares Interim Dividend, Payable on June 12, 2020	20-04-28	CI
Menhaden PLC Approves Final Dividend for the Year Ended 31 December 2018	19-05-29	CI

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Company Profile

Menhaden Resource Efficiency PLC is a United Kingdom-based investment trust. The Companyâs investment objective is to generate long-term shareholder returns, predominantly in the form of capital growth, by investing in businesses and opportunities that are demonstrably delivering or benefitting significantly from the efficient use of energy and resources, irrespective of their size, location or stage of development. Its investment objective is pursued through constructing a conviction-driven portfolio consisting primarily of direct listed and unlisted holdings across asset classes and geographies. The Company invests, either directly or through external funds, in a portfolio that is comprised predominantly of a combination of listed equities and private equity investments. Its alternative investment fund manager (AIFM) is Frostrow Capital LLP. Its portfolio manager is Menhaden Capital Management LLP.

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