Half-yearly Financial Report
24/09/2024 17:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240924:nGNE88gns6&default-theme=true Albion Development VCT PLC LEI Number : 213800FDDMBD9QLHLB38 24 September 2024 Albion Development VCT PLC (the "Company") Half-yearly Financial Report for the six months to 30 June 2024 Results announcement The Company's Directors are pleased to attach the Company's Half-yearly Financial Report for the six months to 30 June 2024. The highlights include: * Total return of 9.50 pence per share (10.7% on opening Net asset value) (30 June 2023: 5.15 pence per share) * Net asset value of 95.91 pence per share (31 December 2023: 88.70 pence per share) * £142.8 million fund size (31 December 2023: £119.6 million) * Dividend paid of 2.22 pence per share in the period (30 June 2023: 2.22 pence per share) * Sale of Egress after the period end, returning over 7 times cost. The Board has declared a second dividend of 2.40 pence per Ordinary share to be paid on 30 September 2024 to shareholders on the register on 13 September 2024. The Board has also declared a special dividend of 3.00 pence per share, payable on 25 October 2024 to shareholders on the register on 4 October 2024. The Half-yearly Financial Report for the six months to 30 June 2024 is attached to this announcement. Alternatively, copies are available on the Company’s webpage on the Manager’s website at: www.albion.capital/AADV30Jun2024 For further details about the Company please either visit the Company's webpage on the Manager’s website: www.albion.capital/vct-funds/AADV or contact: Vikash Hansrani Operations Partner Albion Capital Group LLP Telephone: 020 7601 1850 Attachment * Albion Development VCT PLC Half-yearly Financial Report 30 June 2024 (https://ml-eu.globenewswire.com/Resource/Download/2b94334c-a7b4-4f03-a3a4-d24d0acb07c0)