Octopus TitanVCT PLC Octopus Titan Vct Plc : Portfolio Update
September 02 2016 - 3:20AM
UK Regulatory
TIDMOTV2 TIDMOTV2
Octopus Titan VCT plc ("Company")
2 September 2016
Portfolio update
In reference to the publication of the Prospectus and Circular announced
on 23 August, Octopus Titan VCT plc announces that on 31 August 2016 the
Company had the following investments (listed alphabetically, excluding
two companies which are in liquidation):
Total
amount
invested
at 31 Titan investments
Aug made in year /
2016 period
10 month
Year to period to
October 31 Aug
Portfolio Investments 2015 2016
GBP'000 GBP'000 GBP'000
Adbrain Limited 4,663 1,261 1,603
Affectv Limited 2,627 - -
Aframe Media Group Limited - 2,484 -
Amplience Limited 5,986 2,610 -
Artesian Solutions Limited 4,838 835 637
Behaviometrics AB 502 - -
Big Health Limited 3,276 - 3,276
Bowman Power Limited 2,305 227 -
BridgeU Corporation 979 979 -
Chronext AG 797 - 797
Conversocial Limited 4,165 673 916
CurrencyFair Limited 4,280 2,815 1,465
Ecrebo Limited 2,151 - -
Elliptic Enterprise Limited 1,662 - 677
e-Therapeutics plc 2,415 - -
Eve Sleep Limited 2,394 590 1,804
Excession Technologies Limited 208 - 108
Hubbub Deliveries Limited 1,133 101 -
Iovox Limited 1,738 - -
Kabbee Exchange Limited 2,000 - -
Leanworks Limited (trades as Yplan) 5,346 - -
London House Exchange Limited (trades as Property
Partner) 5,175 647 4,320
Magic Pony Technology Limited - 262 544
Mailcloud Limited 327 127 -
Metrasens Limited 2,688 197 -
Michelson Diagnostics Limited 4,469 1,234 -
Mi-Pay Group plc 3,011 - -
MIRACL Limited 7,320 - 2,722
Origami Energy Limited 2,033 - 1,283
Oxcis Aviation Limited (trades as Stratajet) 5,614 1,645 3,968
Permutive Inc. 391 391 -
Phasor Inc. 250 - -
Secret Escapes Limited 4,256 947 -
Seedcamp III LP 110 34 37
Segura Systems Limited 700 - 700
Semafone Limited 3,594 - -
Smartkem Limited 2,714 1,080 932
Sofar Sounds Limited 7,705 2,687 4,949
Sourceable Limited (trades as Swoon Editions) 6,957 1,846 2,928
Streetbees.com Limited 140 - 140
Streethub Limited 851 723 -
Surrey NanoSystems Limited 1,993 403 -
Tailsco Limited 1,506 - 1,313
The Faction Collective SA 2,429 - 147
TouchType Limited (trades as Swiftkey) - 1,694 -
Trafi Limited 800 800 -
TrialReach Limited 1,438 263 376
UltraSoC Technologies Limited 7,087 1,572 -
Uniplaces Limited 4,657 - 2,125
Wave Optics Limited 362 - 362
Zenith Holding Company Limited* 14,701 - -
Zynstra Limited 5,840 - 1,476
* Owns a stake in Calastone, Zoopla Property Group, Nature Delivered
(Graze) and Secret Escapes
Twenty six portfolio companies are currently being held at a value which
is higher than the investment cost (typically due to follow on funding
rounds taking place at a higher value). Ten are currently valued at the
investment cost. The remaining fifteen are currently being held at a
value which is less than the investment cost, including one that has
been written off entirely (yet to be realised but already accounted for
in the current NAV).
Additionally, since 30 April 2016, there has been a cash outflow of
GBP24 million, resulting in a cash and cash equivalents balance of GBP90
million at 31 August. This cash outflow comprises GBP18 million in
respect of investments into new and existing portfolio companies, GBP4
million in respect of committed cash awaiting completion, GBP5 million
in respect of dividends, GBP1 million in respect of fees paid to Octopus,
GBP2 million in respect of share buybacks and GBP1 million in respect of
other fund expenses, offset by GBP6 million in respect of disposal
proceeds and GBP1 million in respect of other income.
For further enquiries, please contact:
Jo Oliver
Octopus Investments Limited
0800 316 2295
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Octopus Titan VCT plc via Globenewswire
http://www.octopusinvestments.com
(END) Dow Jones Newswires
September 02, 2016 04:20 ET (08:20 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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