Triple Point Income VCT PLC Interim Management Statement (7798E)
21 July 2016 - 12:48AM
UK Regulatory
TIDMTPV1
RNS Number : 7798E
Triple Point Income VCT PLC
20 July 2016
Triple Point Income VCT plc
20 July 2016
Interim Management Statement for the quarter ended 30 June
2016
Highlights
The Company
The Company's funds at 30 June 2016 were 96% invested in a
portfolio of VCT qualifying and non-qualifying unquoted
investments. It continues to meet the condition that 70% of funds
must be invested in VCT qualifying investments within three
years.
Ordinary Share Class
-- Net Asset Value ("NAV") has increased to 67.92p per share as
a result of a profit for this quarter of 0.23p per share.
-- At 30 June 2016 the total paid by way of dividends to
shareholders was 25.56p per share, bringing the total return to
93.48p per share. This compares to a weighted average subscription
share price of 83.6p per share.
-- The Ordinary Share Class' unquoted investment portfolio by
sector at 30 June 2016 is shown below:
Energy Generation - Other 32%
--------------------------- ----
Hydro Electric Power 30%
--------------------------- ----
Cinema Digitisation 27%
--------------------------- ----
Crematorium Management 7%
--------------------------- ----
SME Lending - Other 4%
--------------------------- ----
A Share Class
-- Net Asset Value ("NAV") has increased to 41.51p per share as
a result of a profit for this quarter of 0.23p per share.
-- At 30 June 2016 the total paid by way of dividends to
shareholders was 56.20p per share, bringing the total return to
97.71p. This compares to a weighted average subscription share
price of 86.4p per share.
-- The A Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
SME Lending - Other 55%
--------------------- ----
Landfill Gas 45%
--------------------- ----
C Share Class
-- Net Asset Value ("NAV") has increased to 105.72p per share as
a result of a profit for this quarter of 0.69p per share.
-- On 8 July 2016, after the period end, the C Class
Shareholders received their first dividend of 5p per share. This
was paid to Shareholders on the register on 24 June 2016.
-- 100% of the VCT qualifying investments are in the Hydro Electric Power sector.
-- The C Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
Hydro Electric Power 74%
------------------------------ ----
SME Funding - Hydro Electric
Power 26%
------------------------------ ----
D Share Class
-- Net Asset Value ("NAV") has increased to 102.06p per share as
a result of a profit for this quarter of 0.80p per share.
-- 100% of the VCT qualifying investments are in the Hydro Electric Power sector.
-- The D Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
Hydro Electric Power 85%
------------------------------ ----
SME Funding - Hydro Electric
Power 9%
------------------------------ ----
SME Lending - Other 6%
------------------------------ ----
Net Assets at 30 June 2016:
30-Jun-16 31-Mar-16
Unaudited Audited
Ord. A C D Ord.
Shares Shares Shares Shares Total Shares A Shares C Shares D Shares Total
------------- -------- -------- -------- -------- -------- -------- --------- --------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
VCT
qualifying
unquoted
investments 10,510 789 9,755 10,137 31,191 11,014 789 9,755 10,137 31,695
VCT non
qualifying
unquoted
investments 1,582 950 4,280 2,953 9,765 1,586 950 4,377 2,953 9,866
12,092 1,739 14,035 13,090 40,956 12,600 1,739 14,132 13,090 41,561
------------- -------- -------- -------- -------- -------- --------- --------- --------- --------
Cash and
cash
equivalents 775 77 419 332 1,603 326 78 246 382 1,032
------------- --------
Total
Investments 12,867 1,816 14,454 13,422 42,559 12,926 1,817 14,378 13,472 42,593
------------- -------- -------- -------- -------- -------- -------- --------- --------- --------- --------
Other assets
&
liabilities 352 314 -243 562 985 249 301 -260 403 693
------------- -------- -------- -------- -------- -------- -------- --------- --------- --------- --------
Net assets 13,219 2,130 14,211 13,984 43,544 13,175 2,118 14,118 13,875 43,286
------------- -------- -------- -------- -------- -------- --------- --------- --------- --------
Net asset
value per
share 67.92 41.51 105.72 102.06 n/a 67.69 41.28 105.03 101.26 n/a
------------- -------- -------- -------- -------- -------- -------- --------- --------- --------- --------
For further information, please contact Ben Beaton or Belinda
Thomas 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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