Annual Financial Report
28/06/2022 18:15
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RNS Number : 5433Q Pembroke VCT PLC 28 June 2022
Pembroke VCT plc (the "Company")
Annual Report & Financial Statements for the year ended 31 March 2022;
Notice of Dividend; &
Share Buyback Programme
Results announcement
The Company's directors ("Directors") are pleased to attach the Company's
annual report and financial statements for the year ended 31 March 2022. The
highlights Include:
· Net asset value total return per share of 151.0p (+13% in the year
and +24% over two years)
· Net asset value per share of 126.0p
· £200m fund size; an increase of 50% on last year
· £19.1m to shareholders in the year to March 2022 through dividends
and share buyback, and
· 7.0p per share in dividends in each of the last two financial years.
Click on, or paste the following link into your web browser, to view the
associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/5433Q_1-2022-6-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5433Q_1-2022-6-28.pdf)
The annual report and financial statements for the year ended 31 March 2022
may also be downloaded from the Company's website at www.pembrokevct.com
(http://www.pembrokevct.com/) .
Notice of dividend
The Company has declared a 5.0p per share interim dividend (£8.3m). The
record date is 8 July 2022, the ex-dividend date is 7 July 2022 and the
payment date is 29 July 2022. The last date for receipt of elections in
respect of the interim dividend under the Company's dividend re-investment
scheme is 15 July 2022.
The Directors are pleased to announce their decision to increase the average
annual dividend payment per share target from 3.0p per share to 5.0p per share
with effect from the year ending 31 March 2023.
Share buyback programme
The VCT rules allow £44m of the Company's special reserves to become
distributable in April 2023. Accordingly, the Board intends a share buyback in
April 2023 and will consider further share buybacks every six months
thereafter.
For further details about the Company please either visit the Company's
website:
Pembroke VCT plc
www.pembrokevct.com (http://www.pembrokevct.com/)
or contact:
Andrew Wolfson / Chris Lewis
Pembroke Investment Managers LLP (Manager)
+44 20 7766 6900
Robin Smeaton
The City Partnership (UK) Limited (Company Secretary)
enquiries@city.uk.com
Keith Lassman
Howard Kennedy Corporate Services LLP
+44 20 3755 5561
Seven Hills PR
Gary O'Sullivan
0781 790 3406
gary.osullivan@wearesevenhills.com
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