RNS Number : 7798E
Triple Point Income VCT PLC
20 July 2016
Triple Point Income VCT plc
20 July 2016
Interim Management Statement for the quarter ended 30 June 2016
Highlights
The Company
The Company's funds at 30 June 2016 were 96% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of funds must be invested in VCT qualifying investments within three years.
Ordinary Share Class
Net Asset Value ("NAV") has increased to 67.92p per share as a result of a profit for this quarter of 0.23p per share.
At 30 June 2016 the total paid by way of dividends to shareholders was 25.56p per share, bringing the total return to 93.48p per share. This compares to a weighted average subscription share price of 83.6p per share.
The Ordinary Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
Energy Generation - Other
32%
Hydro Electric Power
30%
Cinema Digitisation
27%
Crematorium Management
7%
SME Lending - Other
4%
A Share Class
Net Asset Value ("NAV") has increased to 41.51p per share as a result of a profit for this quarter of 0.23p per share.
At 30 June 2016 the total paid by way of dividends to shareholders was 56.20p per share, bringing the total return to 97.71p. This compares to a weighted average subscription share price of 86.4p per share.
The A Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
SME Lending - Other
55%
Landfill Gas
45%
C Share Class
Net Asset Value ("NAV") has increased to 105.72p per share as a result of a profit for this quarter of 0.69p per share.
On 8 July 2016, after the period end, the C Class Shareholders received their first dividend of 5p per share. This was paid to Shareholders on the register on 24 June 2016.
100% of the VCT qualifying investments are in the Hydro Electric Power sector.
The C Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
Hydro Electric Power
74%
SME Funding - Hydro Electric Power
26%
D Share Class
Net Asset Value ("NAV") has increased to 102.06p per share as a result of a profit for this quarter of 0.80p per share.
100% of the VCT qualifying investments are in the Hydro Electric Power sector.
The D Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:
Hydro Electric Power
85%
SME Funding - Hydro Electric Power
9%
SME Lending - Other
6%
Net Assets at 30 June 2016:
30-Jun-16
31-Mar-16
Unaudited
Audited
Ord. Shares
A Shares
C Shares
D Shares
Total
Ord. Shares
A Shares
C Shares
D Shares
Total
'000
'000
'000
'000
'000
'000
'000
'000
'000
'000
VCT qualifying unquoted investments
10,510
789
9,755
10,137
31,191
11,014
789
9,755
10,137
31,695
VCT non qualifying unquoted investments
1,582
950
4,280
2,953
9,765
1,586
950
4,377
2,953
9,866
12,092
1,739
14,035
13,090
40,956
12,600
1,739
14,132
13,090
41,561
Cash and cash equivalents
775
77
419
332
1,603
326
78
246
382
1,032
Total Investments
12,867
1,816
14,454
13,422
42,559
12,926
1,817
14,378
13,472
42,593
Other assets & liabilities
352
314
-243
562
985
249
301
-260
403
693
Net assets
13,219
2,130
14,211
13,984
43,544
13,175
2,118
14,118
13,875
43,286
Net asset value per share
67.92
41.51
105.72
102.06
n/a
67.69
41.28
105.03
101.26
n/a
For further information, please contact Ben Beaton 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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