Income & Growth VCT (The) PLC 3rd Quarter Results - Interim Management Statement (8525J)
September 14 2016 - 7:47AM
UK Regulatory
TIDMIGV
RNS Number : 8525J
Income & Growth VCT (The) PLC
14 September 2016
The Income & Growth VCT plc
(the "Company")
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 June 2016
The Income & Growth VCT plc presents an Interim Management
Statement for the quarter ended 30 June 2016. The statement also
includes relevant financial information between the end of the
period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
At At
30 June 31 March
2016 2016
Net assets attributable to GBP74,055,573 GBP74,311,427
shareholders
Shares in issue 71,164,788 71,164,788
Net asset value (NAV) per share 104.06p 104.42p
Cumulative dividends paid to
date per share 74.50p 74.50p
Total return per share since
inception (NAV basis) since
launch 178.56p 178.92p
DIVIDENDS
No dividends were paid during the quarter. However, following
the quarter end, on 7 July 2016, the Company paid an interim
dividend of 6.00 pence per share in respect of the current year
ending 30 September 2016, bringing total cumulative dividends paid
per share since the inception of the current share class to 80.50
pence.
ISSUE OF EQUITY
No new shares were allotted or issued during the quarter under
review. Following the quarter end, on 7 July 2016, the Company
allotted 791,329 ordinary shares at price of 87.00 pence per share.
The shares were allotted further to the Company's Dividend
Investment Scheme in respect of the dividend of 6.00 pence per
share paid on 7 July 2016 referred to above.
SHARE BUY-BACKS
The Company did not buy back any of its own shares during the
quarter.
INVESTMENT ACTIVITY
New Investments
On 15 June 2016, GBP0.65 million was invested into MPB Group,
Europe's leading online marketplace (www.mpb.com) for used photo
and video equipment.
Realisations
There were no realisations during the period but on 15 June
2016, GBP0.01 million was received as deferred proceeds from the
sale of Westway Services (2014) limited, which had occurred in
December 2015.
After the period end, GBP0.01 million was received from Newquay
Helicopters (2013) Limited as a third interim distribution
resulting from the members' voluntary liquidation of the
Company.
Loan Stock Repayments
GBP0.08 million was received during the quarter to 30 June 2016
from Jablite Holdings Limited as a loan stock repayment (including
the premium payable).
Please note that all of the information above is unaudited.
Other than as described above, there were no material events
during the period and to the date of this announcement.
For further information, please contact:
Sarah Penfold, for Mobeus Equity Partners LLP, Company
Secretary: 020 7024 7600
This information is provided by RNS
The company news service from the London Stock Exchange
END
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