Interim Management Statement

Triple Point Venture VCT

12/07/2011 11:39

RNS Number : 2320K

TP70 VCT Plc

12 July 2011

 



 

 

 

TP70 VCT plc

 

12 July 2011

 

Interim Management Statement for the quarter ended 31 May 2011

 

TP70 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 31 May 2011. This constitutes the Company's first Interim Management Statement for the financial year ending 28 February 2012, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

 

Net assets at 31 May 2011 comprised:

 

31 May 2011
28 February 2011
30 November 2010
Unaudited
Audited
Unaudited
£'000
%
£'000
%
£'000
%
VCT qualifying fixed asset investments at fair value
19,275
81.5
19,275
81.6
19,275
81.9
Non VCT qualifying investments: GAM Diversity
3,652
15.4
3,668
15.5
3,514
14.9
Net current assets (including cash and cash equivalents)
724
3.1
678
2.9
745
3.2
23,651
100.0
23,621
100.0
23,534
100.0
Net asset value per share
73.93p
73.83p
73.49p
Investment Activity
The Company's GAM Diversity exposure is held through a note executed with Julius Baer, which with leverage, means that approximately 40% of the Company's NAV is exposed to the performance of GAM Diversity.
The Company continues to satisfy the test of being 70% invested in qualifying holdings and as at 31 May 2011 VCT qualifying holdings represented 81.5% of net asset value.
Material Events and Transactions
During the first quarter of the year no shares were issued and no shares were purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or Chris Tottle 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

 
  END
 

 
IMSRTMMTMBJBBRB