Triple Point VCT 2011 PLC Interim Management Statement (5075U)
13 July 2018 - 1:13AM
UK Regulatory
TIDMTPOA TIDMTPOB
RNS Number : 5075U
Triple Point VCT 2011 PLC
12 July 2018
LEI: 213800AOOAQA5XQDEA89
Triple Point VCT 2011 plc
12 July 2018
Interim Management Statement for the quarter ended 31 May
2018
Highlights
The Company
The Company's funds at 31 May 2018 were 97% invested in a
portfolio of VCT qualifying and non-qualifying unquoted
investments. It continues to meet the condition that 70% of
relevant funds must be invested in qualifying investments.
A Share Class
-- The Net Asset Value at 31 May 2018 was 107.69p per share.
-- During the 3 month period to 31 May 2018 the A Share Class
made a profit of 0.79p per share.
-- A second dividend of 2.75p per share was paid on 28 June 2018
bringing the total dividends paid to date to 6.75p.
-- The A Shares unquoted investment portfolio by sector at 31 May 2018:
Hydroelectric Power 67%
SME Funding - Hydroelectric Power 17%
SME Funding - Other 16%
B Share Class
-- The Net Asset Value at 31 May 2018 was 99.97p per share.
-- During the 3 month period to 31 May 2018 the B Share Class
made a small loss of 0.03p per share. The Company's investment in
two companies operating gas power plants, which were successfully
commissioned during the quarter. These companies will now start to
generate revenue from exporting electricity.
-- The B Shares unquoted investment portfolio by sector at 31 May 2018:
Gas Power 75%
SME Funding - Other 25%
Net Assets at 31 May 2018:
31-May-18 28-Feb-18
Unaudited Audited
A Shares B Shares Total A Shares B Shares Total
--------- --------- -------- --------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
--------- --------- -------- --------- --------- --------
VCT qualifying unquoted
investments 6,577 5,100 11,677 6,577 5,100 11,677
VCT non-qualifying unquoted
investments 3,167 1,710 4,877 3,167 1,710 4,877
--------- --------- --------- ---------
Cash and cash equivalents 462 55 517 274 79 353
Total Investments 10,206 6,865 17,071 10,018 6,889 16,907
--------- --------- --------- ---------
Other assets & liabilities 510 (42) 468 619 (63) 556
--------- ---------
Net assets 10,716 6,823 17,539 10,637 6,826 17,463
--------- --------- --------- ---------
Net asset value per share 107.69 99.97 n/a 106.90 100.00 n/a
--------- --------- -------- --------- --------- --------
For further information, please contact Ben Beaton or Belinda
Thomas at Triple Point Investment Management LLP on 0207 201
8989.
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END
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