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Triple Point Income VCTAnnouncement

16/03/2023 07:00

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RNS Number : 1396T  Triple Point Income VCT PLC    16 March 2023

16 March 2023

Triple Point Income VCT plc

 

(the "Company")

 

NET ASSET VALUES FOR THE QUARTER ENDED 31 December 2022

 

The Company

 

The Company continues to meet all VCT qualifying conditions in respect of its
portfolio of VCT unquoted qualifying investments and unquoted non-qualifying
investments.

 

During the quarter the C and D shareholders fully exited and their shares were
cancelled. The Company now has one share class, the E share class.

 

 

E Share Class

 

·      The net asset value ("NAV") at 31 Dec 2022 was 69.63p per share.

·      At 31 Dec 2022 the total shareholder return for the E Share Class
was 114.13p per share, which included the NAV and dividends paid of 44.50p.

·      The earnings per share for the nine months ended 31 Dec 2022 was
4.88p per share.

·      During the quarter the Company completed on the sale of its gas
fired energy holding in the E share class for total consideration of £2,634k.
These proceeds were used to pay dividends of 4.76p per share in October and
7.24p per share in November 2022.

·      The table below shows the E Share Class investment portfolio by
sector on 31 Dec 2022:

 

 

 Vertical Growing                36%
 Hydroelectric Power             3%
 SME Funding - Vertical Growing  25%
 Solar                           36%

 

Net Assets at 31 December 2022:

                                          Company (E Shares)
                                          £'000
 VCT qualifying unquoted investments      14,051
 VCT non-qualifying unquoted investments  4,694*
 VCT non-qualifying quoted investments    -
                                          18,745

 Cash and cash equivalents                725
 Total Investments                        19,470
 Other assets & liabilities               681
 Net assets                               20,151
 Net asset value per share (p)             69.63p

 

 

Net Assets at 30 September 2022:

 

                                          E Shares
                                          £'000
 VCT qualifying unquoted investments      16,806
 VCT non-qualifying unquoted investments  4,694*
 VCT non-qualifying quoted investments    -
                                          21,500

 Cash and cash equivalents                1,593
 Total Investments                        23,093
 Other assets & liabilities               502
 Net assets                               23,595
 Net asset value per share (p)            81.53p

 

* The Company continues to be qualifying due to the 12-month disregard period
which applies to qualifying investments that have been sold.

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 Triple Point Investment Management LLP  Tel: 020 7201 8989

 (Investment Manager)

 Jonathan Parr

 Belinda Thomas

 Henry Sumner

 

The Company's LEI is 213800IXD8S5WY88L245

 

Further information on the Company can be found on its website
https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/
(https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/)
.

 

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