Graphite Enterprise disposes of Dominion Gas

London-listed private equity investment trust Graphite Enterprise Trust has announced that Graphite Capital Partners VI has sold its investment in Aberdeen-based oilfield services company Dominion Gas.

The group said that Dominion was the company's 11th largest underlying investment on January 31st 2013.

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The group said that the exit price represented an uplift of 44% to the carrying value of the investment at January 31st.

Taken in isolation, Graphite Enterprise Trust said that the effect would be to increase the company's net asset value per share by 3.3p to 634.7p, or by 0.5% compared with that at January 31st.

The company said that it expected to receive a distribution in excess of £7.0m from Graphite VI within the next few weeks.

Graphite Enterprise Trust's share price was down 0.60% to 494p at 13:47 on Wednesday.

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