REG - Guinness VCT PLC - Annual Financial Report & Intention to Fundraise

Guinness VctAnnouncement

10/07/2025 17:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250710:nRSJ6309Qa&default-theme=true

RNS Number : 6309Q  Guinness VCT PLC  10 July 2025

Guinness VCT plc

(the "Company")

 

Annual Report & Financial Statements for the year ended 31 March 2025

&

Intention to Launch an Offer for Subscription

 

 

 

Guinness VCT plc's (LSE: GVCT) directors are pleased to announce the Company's
annual report and financial statements for the year ended 31 March 2025
("Annual Report"). The highlights include:

·      Net asset value has grown to £10.27m (2024: £6.68m)

·      Value of the investment portfolio has increased to 8% over cost
(2024: 3%)

·      Net asset value per share of 97.71p (2024: 97.21p)

·      Profit for the year £41k (2024: Loss of £78k)

Ewen Gilmour, Non-Executive Chair, commented:

"It is pleasing to see the continued growth in NAV over the last twelve months
and the Company has £4.23m to deploy in new investments and support existing
investee companies. Furthermore, the performance of the underlying portfolio
companies has been encouraging, with the portfolio value up 8% on cost and
there are several strong performers within the portfolio which provides
optimism for further growth.

"The Board expects the Company will pay its first dividend during the 2026/27
financial year, subject to legislative requirements and the available cash
reserves of the Company.

"The Company is still early in its journey, and we are excited by the
prospects of the investments made to date which we hope will provide strong
returns for shareholders."

The Annual Report will be distributed to shareholders shortly and will be
available in electronic format for download on the Guinness Ventures website
at https://www.guinnessventures.com/link/vct
(https://www.guinnessventures.com/link/vct) and will be submitted to the
National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Click on, or paste the following link into your web browser, to view the
associated PDF document:

 

http://www.rns-pdf.londonstockexchange.com/rns/6309Q_1-2025-7-10.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6309Q_1-2025-7-10.pdf)

 

Offer for Subscription

The directors of Guinness VCT plc (the "Company") are also pleased to announce
their intention to launch a new offer for subscription (the "Offer") of new
Ordinary Shares in the 2025/2026 and 2026/2027 tax years.

Full details of the Offer will be contained in a prospectus that is expected
to be published in September 2025.

 

For further information, please contact:

Hugo Vaux

Guinness Asset Management Limited (Manager)

vct@guinnessventures.com (mailto:vct@guinnessventures.com)

 

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com (mailto:enquiries@city.uk.com)

 

Keith Lassman

Howard Kennedy Corporate Services LLP

keith.lassman@howardkennedy.com (mailto:keith.lassman@howardkennedy.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACSFLFLRDAIILIE