REG - Gresham House I&G - Interim Management Statement

Gresham House Income & Growth VctAnnouncement

Mon 11:15

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RNS Number : 9409U  Gresham House Income & Growth VCT   02 March 2026

GRESHAM HOUSE INCOME & GROWTH VCT PLC

("the Company")

 

LEI:  213800FPC15FNM74YD92

 

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2025

 

Gresham House Income & Growth 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                                                   £204.71 million   £215.16 million
 Shares in issue                                                                           320,433,496       322,189,569

 Net asset value (NAV) per share                                                           63.89p            66.78p
 Cumulative dividends paid                                                                 170.50p           168.00p
 Cumulative Total return (net asset value basis) per share since inception                 234.39p           234.78p

 

The Company's NAV per share decreased by 2.89 pence during the quarter. This
decrease was principally due to a dividend payment of 2.50 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 0.39 pence, or 0.6% during the quarter.

 

INVESTMENT ACTIVITY DURING THE PERIOD

 

New Investments during the period

 

On 29 December 2025, a new investment of £2.43 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 £2.35
million into Arkk Consulting Limited, a regulatory and tax reporting software
provider.

 

DIVIDENDS PAID DURING THE PERIOD

 

On 22 September 2025, an interim dividend of 2.50 pence per share in respect
of the year ended 30 September 2025 was declared. This dividend was paid on 30
October 2025 to all Shareholders whose names were on the register on 3 October
2025.

 

DIVIDEND INVESTMENT SCHEME ("DIS")

 

Following the dividend paid in October, as detailed above, the Company
subsequently allotted 1,903,374 new Ordinary Shares of 1.00 pence each under
the Company's DIS at a price of 64.09 pence per share.

 

SHARE BUYBACK DURING THE PERIOD

 

On 8 October 2025, the Company purchased 3,659,447 of its own ordinary shares
at a price of 60.89 pence per share. All shares bought back by the Company
were subsequently cancelled.

 

INVESTMENT ACTIVITY AFTER THE PERIOD END

 

On 8 January 2026, a new investment of £3.00 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 £0.24
million into FocalPoint Positioning Limited, a GPS enhancement software
provider.

 

On 5 February 2026, the Company completed a follow on investment of £0.49
million into Mobility Mojo UK Limited, a disability access assessment
platform.

 

SHARE BUYBACK AFTER THE PERIOD END

 

On 30 January 2026, the Company purchased 3,460,906 of its own ordinary shares
at a price of 61.07 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 2 VCT plc (GHV2) ("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 2.50 pence per share in respect of the
year ending 30 September 2026 was declared and will be paid on 10 April 2026
to Shareholders whose names were on the register on 13 March 2026. Payment of
this interim dividend will reduce NAV per share (shown above) to 61.39 pence
and increase cumulative dividends paid to 173.00 pence per share.

 

Shareholders can now 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-vct-plc/
(https://greshamhouse.com/gresham-house-income-growth-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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