Albion Ven Cap Trust Albion Venture Capital Trust Plc: Interim Management Statement
August 13 2018 - 4:39AM
UK Regulatory
TIDMAAVC
ALBION VENTURE CAPITAL TRUST PLC
LEI Code: 213800JKELS32V2OK421
Interim Management Statement
Introduction
I am pleased to present Albion Venture Capital Trust PLC (the
"Company")'s interim management statement for the period from 1 April
2018 to 30 June 2018.
Performance and dividends
The Company's unaudited net asset value (NAV) as at 30 June 2018 was
GBP66.2 million or 76.5 pence per share (excluding treasury shares), an
increase of 0.5 pence per share (0.7 per cent.) since 31 March 2018.
After accounting for the dividend paid of 2.5 pence per share on 31 July
2018 to shareholders on the register on 13 July 2018, the NAV is 74.0
pence per share.
Portfolio
The following investments have been made during the period from 1 April
2018 to 30 June 2018:
Name GBP000's Activity
----------------- -------- ---------------------------------------------------------
uMotif Limited A patient engagement and data capture platform for
(new investment) 120 use in real world and observational research
----------------- -------- ---------------------------------------------------------
Healios Limited Provider of an online platform delivering family centric
(new investment) 65 psychological care primarily to children and adolescents
----------------- -------- ---------------------------------------------------------
Total 185
----------------- --------
Disposals
The following disposals were made during the period from 1 April 2018 to
30 June 2018:
Portfolio company GBP000's
------------------------- -------- -----------------------------------------
Kew Green VCT (Stansted) Repayment of loan stock and share
Limited 4,676 premium.
------------------------- -------- -----------------------------------------
Total proceeds 4,676
------------------------- --------
Top ten holdings (as at 30 June 2018)
% of net
Carrying value asset
Investment GBP000's value Activity
----------------------- -------------- ----------- -------------------------------------------------------
Shinfield Lodge Care Owner and operator of a 66 bed care home in Shinfield,
Limited 11,489 17.4 % Berkshire.
----------------------- -------------- ---- ----- -------------------------------------------------------
Active Lives Care Owner and operator of a 75 bed care home in Cumnor
Limited 7,630 11.5 % Hill, Oxfordshire.
----------------------- -------------- ---- ----- -------------------------------------------------------
Ryefield Court Care Owner and operator of a 60 bed care home in Hillingdon,
Limited 6,443 9.7 % Middlesex.
----------------------- -------------- ---- ----- -------------------------------------------------------
Radnor House School
(Holdings) Limited 4,792 7.2 % Independent schools for children aged 5-18.
----------------------- -------------- ---- ----- -------------------------------------------------------
Chonais River Hydro Owner and operator of a 2 MW hydro-power scheme in
Limited 4,390 6.6 % the Scottish Highlands.
----------------------- -------------- ---- ----- -------------------------------------------------------
Kew Green VCT Operator of a Holiday Inn Express hotel at Stansted
(Stansted) Limited 2,320 3.5 % Airport.
----------------------- -------------- ---- ----- -------------------------------------------------------
The Stanwell Hotel
Limited 1,865 2.8 % Boutique hotel located near Heathrow Terminal 5.
----------------------- -------------- ---- ----- -------------------------------------------------------
Gharagain River Hydro Owner and operator of a 1 MW hydroelectricity plant
Limited 1,791 2.7 % in Western Scotland.
----------------------- -------------- ---- ----- -------------------------------------------------------
Anaerobic digestion and composting plant located in
Earnside Energy Limited 1,624 2.5 % Scotland.
----------------------- -------------- ---- ----- -------------------------------------------------------
Bravo Inns II Limited 1,371 2.1% Owner and operator of freehold pubs.
----------------------- -------------- ---- ---- -------------------------------------------------------
A full breakdown of the Company's portfolio can be found on the
Company's webpage on the Manager's website at
www.albion.capital/funds/AAVC.
Material events and transactions after the period end
Share issues
Under the terms of the dividend reinvestment scheme, the following new
Ordinary shares of nominal value 1 penny each were allotted after 30
June 2018:
Issue price per
Number of Nominal value share (including Net invested
Date shares issued GBP'000 costs of issue) GBP'000
------------- -------------- ------------- ---------------- --------------
31 July 2018 396,334 4 73.5p 291
------------- -------------- ------------- ---------------- --------------
There have been no further significant events or transactions that the
Board is aware of which would have a material impact on the financial
position of the Company between 1 July 2018 and 13 August 2018.
Further information regarding historic and current financial performance
and other useful shareholder information can be found on the Company's
webpage on the Manager's website at www.albion.capital/funds/AAVC.
Richard Glover, Chairman
13 August 2018
For further information please contact:
Albion Capital Group LLP, Company Secretary - Tel: 020 7601 1850
(END) Dow Jones Newswires
August 13, 2018 05:39 ET (09:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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