TP10 VCT Plc Interim Management Statement (7945C)
22 January 2015 - 2:10AM
UK Regulatory
TIDMTP10
RNS Number : 7945C
TP10 VCT Plc
21 January 2015
TP10 VCT plc
21 January 2015
Interim Management Statement for the quarter ended 30 November
2014
Highlights
-- Net Asset Value increased from 84.20p per share to 84.40p per share during the period.
-- 84% of the Company's portfolio is invested in qualifying investments
-- At the date of this report the total paid by way of dividends
to shareholders is 11.62p per share, bringing the total return to
96.02p per share
-- The Company confirms its intention to pay a further dividend
before the end of the financial year of 1.69p per share bringing
the total dividend paid this year to 5p per share.
-- The table below shows the unquoted qualifying investment portfolio by sector:
Electricity Generation
Total Unquoted
Cinema Hydro Project Solar Anaerobic Qualifying
Industry Sector Digitisation Management PV Digestion Landfill Investments
------------------- -------------- -------------- ---------------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
------------------- -------------- -------------- -------- ----------- --------- ---------------
Investments at
30 November 2014 5,579 903 11,888 2,225 721 21,316
------------------- -------------- -------------- ---------------
Investments % 26.17% 4.24% 55.77% 10.44% 3.38% 100.00%
------------------- -------------- -------------- -------- ----------- --------- ---------------
-- By June 2015 shareholders will have held their shares for the
five years required to secure up-front Tax relief. Both the Board
and Investment Manager are planning to return funds to shareholders
as soon as practical after this date by realising the unquoted
investments.
Net Assets at 30 November 2014:
30 November 2014 31 August 2014 28 February 2014
Unaudited Unaudited Audited
GBP'000 % investments GBP'000 % investments GBP'000 % investments
------------------------- -------- -------------- -------- -------------- -------- --------------
VCT qualifying
unquoted investments 21,316 83.9 21,316 84.2 22,266 85.2
------------------------- -------- -------------- -------- -------------- -------- --------------
VCT non qualifying
unquoted investments: 4,009 15.8 3,933 15.5 3,805 14.6
------------------------- -------- -------------- -------- -------------- -------- --------------
26,071 99.8
Cash and cash
equivalents 86 0.3 58 0.3 61 0.2
------------------------- -------- -------------- -------- -------------- -------- --------------
Total Investments 25,411 100.0 25,307 100.0 26,132 100.0
------------------------- -------- -------------- -------- -------------- -------- --------------
Other assets
& liabilities 17 59 95
------------------------- -------- -------------- -------- -------------- -------- --------------
Net assets 25,428 25,366 26,227
------------------------- -------- -------------- -------- -------------- -------- --------------
Net asset value
per share 84.40p 84.20p 87.05p
------------------------- -------- -------------- -------- -------------- -------- --------------
For further information, please contact Claire Ainsworth at
Triple Point Investment Management LLP on 0207 201 8989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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