Chrysalis Investments Limited
CHRY · Main Market · Financial Services · mcap £295m · 63.8p 1 open situation →
- EV
- £283m
- EV / EBIT
- –
- Net cash
- £11.2m
- FCF yield
- 14.6%
- Revenue
- –
- Cash returned
- 21.8%
- Share price 1y
- −48%
- Insiders 12m
- no deals
- Next report
- around 18 Dec
Chrysalis Investments is a Guernsey-listed investment company holding stakes in private growth companies such as Starling Bank, Klarna, Smart Pension and wefox. It is now selling these holdings and returning the cash to shareholders.
Open · 1
Shareholder consultation and structural review
Includes Klarna IPO lock-up – Entire remaining Klarna stake sold, closed 28 Sep 2026Follows from £100m share buyback – £100m target achieved, £102m returned, closed 19 Dec 2025Includes Buyback programme – completed, closed 26 Jun 2025
Shareholders approved a three-year orderly realisation at the 24 March 2026 EGM; the buyback ended 30 April 2026 at £117.4m and debt was repaid by 3 August 2026. On 28 September 2026 the company announced its first compulsory capital redemption of about £25m at 127.0p, funded by the Klarna sale.
- Debt
- All outstanding indebtedness repaid, about £17.8m including interest 3 Aug 2026 ↗
- Share discount
- 44% to NAV on 26 June 2026, which the Board calls too wide 30 Jun 2026 ↗
- Buyback
- Ended end April 2026; total £117.4 million returned 3 Aug 2026 ↗
- Expected inflow
- About £4.5m Featurespace escrow, subject to final confirmation 3 Aug 2026 ↗
- Redemption
- About £25m at 127.0p per share, 4.1% of 480,973,805 issued Ordinary Shares 28 Sep 2026 ↗
- Price basis
- NAV per share at 30 June 2026, adjusted for actual Klarna proceeds; other assets not revalued 28 Sep 2026 ↗
Next: Further redemptions as additional cash becomes available
- 28 Sep 2026 First compulsory redemption announced; realisation under way
- 3 Aug 2026 Debt repaid; handover to self-management imminent
- 30 Jun 2026 Orderly realisation under way; self-managed handover
- 5 May 2026 Orderly realisation under way; buyback total £117.0m
Closed · 2
Company filings. Not investment advice.