Net Asset Value
15 September 2023 - 4:00PM
Net Asset Value
Octopus Titan VCT
plc
Net Asset Value
The Board of Octopus Titan VCT plc (the
‘Company’) has reviewed the portfolio and announces that as at 30
June 2023, the unaudited Net Asset Value (‘NAV’) of the Company was
68.2 pence per share.
The movement in NAV over the six-month period
has largely been driven by reduced valuations across approximately
half of the companies in the now 140-strong portfolio. This has
been driven by a combination of a continuation of the difficult
global macro environment and the ongoing readjustment of valuation
multiples and funding availability in the early-stage ventures
space since 2021. In addition, there has been some downward foreign
exchange (FX) adjustments and a slowing of growth in particular
within the larger holdings as they seek to optimise for capital
efficiency and profitability.
Further details will be provided in the
half-yearly report to be published by the Company on 21 September
2023.
For further information please contact:
Rachel PeatOctopus Company Secretarial Services
Limited Tel: +44 (0)80 0316 2067
LEI: 213800A67IKGG6PVYW75
Octopus Titan Vct (LSE:OTV2)
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