TP5 VCT PLC Interim Management Statement (1873K)
26 July 2013 - 1:10AM
UK Regulatory
TIDMTP5
RNS Number : 1873K
TP5 VCT PLC
25 July 2013
TP5 VCT plc
25 July 2013
Interim Management Statement for the quarter ended 30 June
2013
TP5 VCT plc ("the Company") has pleasure in submitting its
Interim Management Statement for the quarter ended 30 June 2013.
This constitutes the Company's first Interim Management Statement
for the year ending 31 March 2014, as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 June 2013 comprised:
30 June 2013 31 March 2013 30 September 2012
Unaudited Audited Unaudited
Ordinary B Total Ordinary B Total Ordinary B Total
--------- -------- -------- --------- -------- -------- --------- -------- --------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Unquoted qualifying
investments 15,664 1,936 17,600 15,664 1,936 17,600 15,824 1,956 17,780
Unquoted non
qualifying
investments 3 1 4 178 22 200 - - -
--------- -------- -------- --------- -------- -------- --------- -------- --------
15,667 1,937 17,604 15,842 1,958 17,800 15,824 1,956 17,780
Non VCT qualifying
investment
in GAM Diversity
2.5XL - 1,060 1,060 - 1,004 1,004 - 894 894
Cash and cash
equivalents 406 19 425 214 21 235 150 37 187
Total investments 16,073 3,016 19,089 16,056 2,983 19,039 15,974 2,887 18,861
--------- -------- -------- --------- -------- -------- --------- -------- --------
Other assets
& liabilities 55 11 66 41 1 42 42 (8) 34
--------- -------- -------- --------- -------- -------- --------- -------- --------
Net assets 16,128 3,027 19,155 16,097 2,984 19,081 16,016 2,879 18,895
--------- -------- -------- --------- -------- -------- --------- -------- --------
Net asset
value per
share 85.74p 87.77p - 85.57p 86.54p - 85.14p 83.51p -
The Ordinary Share Fund net asset value ("NAV") increased by the
fund's profit for the quarter ended 30 June 2013 of 0.17p per
share.
The B Share Fund NAV increased by the fund's profit for the
quarter ended 30 June 2013 of 1.23p per share.
Investment Activity
Qualifying investments represent 92% of total investments and
the Company continues to satisfy the requirement of being 70%
invested in qualifying investments.
The investment portfolio can be analysed as follows:
Electricity Generation
Anaerobic Total Unquoted
Industry Sector Cinema Digitisation Solar PV Digestion Investments
------------------------- -------------------- ----------- ------------ ---------------
GBP'000 GBP'000 GBP'000 GBP'000
------------------------- -------------------- ---------------
Investments at 31 March
2013 7,310 7,215 3,275 17,800
------------------------- -------------------- ----------- ------------ ---------------
Investments disposed of
during the period - - (196) (196)
------------------------- -------------------- ----------- ------------ ---------------
Investments at 30 June
2013 7,310 7,215 3,079 17,604
------------------------- -------------------- ----------- ------------ ---------------
Unquoted Investments % 41.52% 40.99% 17.49% 100.00%
------------------------- -------------------- ----------- ------------ ---------------
Non VCT Qualifying Investments
The B share fund continues to hold an investment in GAM
Diversity 2.5XL which represents 35% of the fund's NAV.
Material Events and Transactions
A dividend to Ordinary Share Class holders of GBP940,551 equal
to 5p per share will be paid on 26 July 2013.
During the period no shares were issued and no shares were
purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or
Chris Tottle 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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