REG-Octopus Apollo VCT plc : Portfolio update <Origin Href="QuoteRef">OAP3.L</Origin>

Octopus Apollo VCTAnnouncement

23/02/2017 14:50

  
OCTOPUS APOLLO VCT PLC ('Apollo')
 
 
23 February 2017
 
 
Portfolio update
 
 
Following the merger of Octopus Eclipse VCT PLC ("Eclipse") and Apollo on 19 December 2016, Apollo announces that the top 10 Investee companies by book cost at that date were:
                                                                              
 Top 10 Investee Companies 
 Book cost as at 19 December 2016 000s 
 1. Clifford Thames Group Limited 
 13,318 
 2. Healthcare and Services Technology Limited 
 7,186 
 3. Vista Retail Support Limited 
 6,758 
 4. Anglo European Group Limited 
 5,000 
 5. Coupra Limited  
 5,000 
 6. Dyscova Limited  
 4,700 
 7. Tanganyika Heat Limited 
 4,108 
 8. Winnipeg Heat Limited 
 3,719 
 9. Aquaso Limited  
 3,500 
 10. Countrywide Healthcare Supplies Limited 
 2,675 
 Total of Top 10  
 55,964 
 Other 52 
 49,215 
 Grand Total 
 105,179 
  
The top 10 investments excludes two Investment Companies (total combined book cost of 10 million included in Grand Total). Please note that at the date of the merger, 30 companies were transferred from Eclipse to Apollo, bringing the total number of holdings in Apollo to 62 (including Investment Companies).
  
Across the combined portfolio, 17 Investee companies were valued above the investment cost at the date of the merger. A further 20 were valued below the investment cost. The remaining 25 Investee companies were held at the investment cost.
  
From 31 July 2016 to the merger on 19 December 2016, there was a net cash outflow from Apollo of 12 million, leaving a balance of approximately 24 million at the date of the merger (19 December 2016). The inflows and outflows during the period were: 
                                                                      
  
 million 
 million 
 Cash balance as at 31 July 2016 
  
 36.0 
 Inflows 
  
  
 Disposals 
 14.4 
  
 Liquidation of Investment Companies 
 15.0 
  
 Funds raised 
 6.1 
  
 Loan interest 
 1.0 
 36.5 
 Outflows 
  
  
 Dividends 
 (33.0) 
  
 Dividends to D Ordinary shareholders following the merger of the share class 
 (14.0) 
  
 Management & admin expenses 
 (0.8) 
  
 Buybacks 
 (0.7) 
 (48.5) 
 Cash balance as at 19 December 2016 
  
 24.0 
 
  
For further information please contact:
  
  
Nicola Board
  
Company Secretary
  
020 7776 8663
  
  


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Octopus Apollo VCT plc via Globenewswire