Triple Point VCT 2011 Plc Interim Management Statement (0242L)
July 13 2017 - 8:37AM
UK Regulatory
TIDMTPO
RNS Number : 0242L
Triple Point VCT 2011 Plc
13 July 2017
Triple Point VCT 2011 plc
13 July 2017
LEI: 213800AOOAQA5XQDEA89
Interim Management Statement for the quarter ended 31 May
2017
Highlights
The Company
The Company's funds at 31 May 2017 were 94% invested in a
portfolio of VCT qualifying and non-qualifying unquoted
investments. It continues to meet the condition that 70% of
relevant funds must be invested in qualifying investments. At 31
May 2017 qualifying investments represented 66% of the total
Investment Portfolio and 79% of the funds that are required to meet
the 70% condition.
Ordinary Share Class
-- The Net Asset Value ("NAV") at 31 May 2017 was 6.28p per share.
-- Taking the NAV and the total dividends of 108.75p paid at 31
May 2017, the return to investors was 115.03p per share.
-- A further dividend of 2p per share was paid on 23 June 2017,
leaving a residual NAV of 4.28p.
-- It is expected that the remaining assets will be realised by
31 August 2017 and a final dividend will be paid after the interim
results are announced in October 2017, following which the shares
will be cancelled.
-- The Ordinary Share's unquoted investment portfolio by sector at 31 May 2017 is:
Cinema Digitisation 97%
SME Funding - other 3%
A Share Class
-- The Net Asset Value at 31 May 2017 was 104.87p per share.
-- On 23 June 2017 the Company paid its first dividend to the A
Class Shareholders of 4p per share.
-- A profit of 0.80p per share was made for the 3 month period to 31 May 2017.
-- The A Share's unquoted investment portfolio by sector at 31 May 2017 is:
Hydro Electric Power 67%
SME Funding - hydro electric power 17%
SME Funding - other 16%
New B Share Class
-- The Net Asset Value at 31 May 2017 was 99.73p per share.
-- The Company has invested in two companies that will construct
and operate gas power plants. Both companies reached financial
close in May 2017 and their respective power plants are under
construction.
-- The B Share's unquoted investment portfolio by sector at 31 May 2017 is:
Gas Power 75%
SME Funding - other 25%
Net Assets at 31 May 2017:
31-May-17 28-Feb-17
Unaudited Audited
Ord. Ord.
Shares A Shares B Shares Total Shares A Shares B Shares Total
----------------------- -------- --------- --------- -------- -------- --------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
----------------------- -------- --------- --------- -------- -------- --------- --------- --------
VCT qualifying
unquoted investments 191 6,335 5,100 11,626 191 6,335 5,100 11,584
----------------------- -------- --------
VCT non qualifying
unquoted investments 5 3,176 1,686 4,867 5 3,467 1,686 6,751
----------------------- -------- --------- --------- -------- -------- --------- --------- --------
Cash and cash
equivalents 673 414 50 1,137 1,448 29 48 4,808
----------------------- --------
Total Investments 869 9,925 6,836 17,630 1,644 9,831 6,834 23,143
----------------------- -------- --------- --------- -------- -------- --------- --------- --------
Other assets
& liabilities 410 511 (30) 891 660 525 (26) 910
----------------------- --------
Net assets 1,279 10,436 6,806 18,521 2,304 10,356 6,808 24,053
-------- --------- --------- -------- -------- --------- --------- --------
Net asset value
per share 6.28 104.87 99.73 n/a 11.32 104.07 99.76 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
END
MSCGGUAWMUPMGWW
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July 13, 2017 09:37 ET (13:37 GMT)
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