REG - Gresham House I&G 2 - Interim Management Statement

Gresham House Income & Growth 2 VctAnnouncement

Mon 07:05

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RNS Number : 8018U  Gresham House Income & Growth 2VCT   02 March 2026

GRESHAM HOUSE INCOME & GROWTH 2 VCT PLC

("the Company")

 

LEI: 213800HKOSEVWS7YPH79

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2025

 

Gresham House Income & Growth 2 VCT plc presents an Interim Management
Statement for the quarter ended 31 December 2025. The statement also includes
relevant financial information between the end of the period and the date of
this statement.

 

NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                                                                           At 31 December   At 30 September

                                                                                           2025             2025

                                                                                           (unaudited)      (audited)
 Net assets attributable to shareholders                                                   £169.6 million   £177.7 million
 Shares in issue                                                                           327,815,205      327,297,948

 Net asset value (NAV)                                                                     51.73p           54.29p

 per share
 Cumulative dividends paid                                                                 174.30p          172.30p
 Cumulative Total return (net asset value basis) per share since inception                 226.03p          226.59p

 

The NAV per share decreased by 2.56 pence during the quarter. This decrease
was principally due to a dividend payment of 2.00 pence per share paid on 30
October 2025 as well as a decrease in the unrealised valuation of the
portfolio. Adjusting for the dividend payment, on a total return basis, the
NAV per share decreased by 0.56 pence, or 1.0% during the quarter.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investments during the period

 

On 29 December 2025, a new investment of £2.05 million was made into Tembo
Money Limited, an FCA registered digital mortgage and savings platform.

 

Further investments during the period

 

On 31 December 2025, the Company completed a follow on investment of £2.10
million into Arkk Consulting Limited, a regulatory and tax reporting software
provider.

 

DIVIDENDS PAID DURING THE PERIOD

 

On 10 September 2025, an interim dividend of 2.00 pence per share in respect
of the year ending 30 September 2025 was declared. This dividend was paid on
30 October 2025 to all Shareholders whose names were on the register on 19
September 2025.

 

DIVIDEND INVESTMENT SCHEME ("DIS")

 

Following the dividend paid in October, as detailed above, the Company
subsequently allotted 517,257 new Ordinary Shares of 1.00 pence each under the
Company's DIS at a price of 51.79 pence per share.

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

Further investments after the period end

 

On 8 January 2026, a new investment of £2.53 million was made into Veremark
Limited, a provider of background screening and verification checks.

 

On 29 January 2026, the Company completed a follow on investment of £0.21
million into FocalPoint Positioning Limited, a GPS enhancement software
provider.

 

On 5 February 2026, the Company completed a follow on investment of £0.40
million into Mobility Mojo UK Limited, a disability access assessment
platform.

 

SHARE BUYBACK AFTER THE PERIOD END

 

On 30 January 2026, the Company purchased 4,667,133 of its own ordinary shares
at a price of 49.68 pence per share. All shares bought back by the Company
were subsequently cancelled.

 

OFFER FOR SUBSCRIPTION AND ISSUE OF PROSPECTUS

 

On 2 February 2026, the Company launched a Joint Offer for Subscription
alongside Gresham House Income & Growth VCT plc (GHV1) ("Offers"). Under
the Offers each Company is seeking to raise up to £32.5 million, being an
aggregate £65 million. Each Board will also have the option to utilise an
over-allotment facility to raise up to a further £15 million each, being an
aggregate of £30 million. For further details, please visit the Gresham House
VCTs' websites.

 

DIVIDEND DECLARED AFTER THE PERIOD END

 

On 2 March 2026, an interim dividend of 2.00 pence per share in respect of the
year ending 30 September 2026 was declared and will be paid on 10 April 2026
to all Shareholders whose names were on the register on 13 March 2026. Payment
of this interim dividend will reduce NAV per share (shown above) to 49.73
pence and increase cumulative dividends paid to 176.30 pence per share.

 

Shareholders can register for the Dividend Investment Scheme ("DIS") which
will allow Shareholders to receive additional shares in the Company by
re-investing their total dividend payment into new shares at the latest
published NAV.

 

See the Company's website
https://greshamhouse.com/gresham-house-income-growth-2-vct-plc/
(https://greshamhouse.com/gresham-house-income-growth-2-vct-plc/) for further
details.

 

The dividend declared above is eligible for the DIS. Elections to join the DIS
must be received by City Partnership by 27 March 2026.

 

 

Please note that all of the above information is unaudited.

 

Other than as described above, there were no material events during the period
and to the date of this announcement.

 

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

020 7382 0999

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