Triple Point Inc VCT - Interim Management Statement

Triple Point Income VCT

05/02/2015 16:00

RNS Number : 1991E

Triple Point Income VCT PLC

05 February 2015

Triple Point Income VCT plc

5 February 2015

Interim Management Statement for the quarter ended 31 December 2014

Highlights

Ordinary Share Class

 Net Asset Value has increased from 79.97p to 80.36p per share during the last quarter.

 At the date of this report the cumulative total paid by way of dividends to shareholders is 4.11p per share, bringing the total return to 84.47p per share. This compares to a weighted average share price at acquisition of 83.6p per share.

 89% of the Ordinary Share Class unquoted investments are invested in qualifying investments.

 The table below shows the unquoted qualifying investment portfolio by sector:

Electricity Generation
Industry Sector
Cinema Digitisation
Solar PV
Anaerobic Digestion
Hydro Electric Power
Total Unquoted Qualifying Investments
'000
'000
'000
'000
'000
Total investments
3,277
5,251
3,550
2,060
14,138
Total investments %
23%
37%
25%
15%
100%

A Share Class

 Net Asset Value has increased from 76.19p to 76.32p per share during the last quarter.

 At the date of this report the cumulative total paid by way of dividends to shareholders is 11.20p per share, bringing the total return to 87.52p per share. This compares to a weighted average share price at acquisition of 86.4p per share.

 92% of the A Share Class unquoted investments are invested in qualifying investments.

 The table below shows the unquoted qualifying investment portfolio by sector:

Electricity Generation
Industry Sector
Solar PV
Anaerobic Digestion
Landfill Gas
Total Unquoted Qualifying Investments
'000
'000
'000
'000
Total investments
2,157
600
890
3,647
Total investments %
60%
16%
24%
100%

C Share Class

 Net Asset Value has increased from 98.45p to 98.52p per share during the last quarter. This compares to a subscription price of 1.

 95% of the C Share Class unquoted investments are invested in qualifying investments.

 100% of the C Share Class qualifying investments are into Hydro Electric Power.

D Share Class

Shareholders approved the issue of a new share class for up to 19,020,009 D Ordinary Shares. The offer was launched on 29 October 2014 and closes on 30 April 2015. Applications totalling 6.5 million have been received, of which 4 million has been allotted. The funds will be deployed into companies investing in small scale hydro electric power projects in Scotland.

Net Assets at 31 December 2014:

31 December 2014
Unaudited
31 March 2014
Audited
Ord.
Shares
A
Shares
C
Shares
Total
Ord.
Shares
A Shares
C
Shares
Total
'000
'000
'000
'000
'000
'000
'000
'000
VCT qualifying unquoted investments
14,138
3,647
9,430
27,215
14,331
3,647
-
17,978
VCT non qualifying unquoted investments
1,333
-
238
1,571
1,138
221
-
1,359
15,471
3,647
9,668
28,786
15,469
3,868
-
19,337
Cash and cash equivalents
335
302
311
948
147
377
6,902
7,426
Total investments
15,806
3,949
9,979
29,734
15,616
4,245
6,902
26,763
Other assets & liabilities
(156)
(33)
3,263
3,074
(29)
(30)
(29)
(88)
Net assets
15,650
3,916
13,242
32,808
15,587
4,215
6,873
26,675
Net asset value per share
80.36p
76.32p
98.52p
n/a
79.03p
82.15p
98.38p
n/a

For further information, please contact Claire Ainsworth or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.

This information is provided by RNS

The company news service from the London Stock Exchange

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