TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON
RNS Number : 0747M
Triple Point VCT 2011 PLC
18 January 2021
18 January 2021
Triple Point VCT 2011 plc
(the "Company")
Net Asset Values for the quarter ended 30 November 2020
The Company
The Company's funds at 30 November 2020 were invested in a
portfolio of VCT qualifying and non-qualifying unquoted
investments.
The Venture Fund continues to progress well in deploying its
funds, at the reporting date the Venture Fund held 19 qualifying
investments at a valuation totalling GBP7.98m. In general, the
Venture portfolio companies that saw some negative impact from the
Covid-19 related economic contraction in March and April 2020 have
seen a pleasing recovery in sales and operational performance in
subsequent quarters.
Following the reporting date, the Company allotted a further
2,687,468 new Venture Shares raising gross proceeds of GBP2.5m.
A Share Class
-- The Net Asset Value at 30 November 2020 was 52.13p per share.
-- During the 9-month period to 30 November 2020 the A Share
Class made a profit of 1.10p per share.
-- Total dividends paid to date to A Shareholders is 70.00 pence per share.
-- At 30 November 2020 Net Asset Value plus dividends paid
("Total Shareholder Return") was 122.13p per share.
-- The table below shows the A Shares unquoted investment
portfolio by sector at 30 November 2020:
Hydroelectric Power 100%
B Share Class
-- The Net Asset Value at 30 November 2020 was 96.84p per share.
-- During the 9-month period to 30 November 2020 the B Share
Class made a small loss of 0.93p per share.
-- Total dividends paid to date to B Shareholders is 10.00 pence per share.
-- At 30 November 2020 the Total Shareholder Return for the B
Share Class was 106.84p per share.
-- The table below shows the B Shares unquoted investment
portfolio by sector at 30 November 2020:
Gas Power 85%
SME Funding Hydroelectric
Power 15%
----
Venture Share Class
-- The Net Asset Value at 30 November 2020 was 91.95p per share.
-- During the 9-month period to 30 November 2020 the Venture
Share Class made a loss of 2.93p per share.
-- The table below shows the Venture Funds unquoted investment
portfolio by sector at 30 November 2020:
Software as a Service
(SaaS) 32%
Telecoms 4%
----
Human resources 3%
----
Fintech 31%
----
Health 13%
----
Digital marketing 10%
----
Education 2%
----
SME Funding - Other 5%
----
Net Assets at 30 November 2020:
Venture
A Shares B Shares Shares Total
--------- --------- -------- --------
GBP'000 GBP'000 GBP'000 GBP'000
--------- --------- -------- --------
VCT qualifying unquoted
investments 4,887 5,620 7,989 18,496
--------- --------
VCT non-qualifying unquoted
investments 0 1,005 495 1,500
--------- --------- --------
Cash and cash equivalents (16) 105 3,138 3,227
--------- --------- --------
Total Investments 4,871 6,730 11,622 23,223
--------- --------- --------
Other assets & liabilities 315 (138) (86) 91
--------- --------- -------- --------
Net assets 5,186 6,592 11,536 23,314
--------- --------- -------- --------
Net asset value per share 52.13 96.84 91.95
--------- --------- -------- --------
Net Assets at 29 February 2020:
Venture
A Shares B Shares Shares Total
--------- --------- -------- --------
GBP'000 GBP'000 GBP'000 GBP'000
--------- --------- -------- --------
VCT qualifying unquoted
investments 4,887 5,620 4,590 15,097
--------- --------
VCT non-qualifying unquoted
investments 550 1,005 495 2,050
--------- --------- --------
Cash and cash equivalents 2 504 1,564 2,070
--------- --------- --------
Total Investments 5,439 7,129 6,649 19,217
--------- --------- --------
Other assets & liabilities 310 (133) (24) 153
--------- --------
Net assets 5,749 6,996 6,625 19,370
--------- --------- --------
Net asset value per share
(pence) 57.78 102.77 99.01
--------- --------- -------- --------
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Belinda Thomas
Harry Penberthy
Ian McLennan
Seb Wallace
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website
https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/
.
NOTES:
The Company is a Venture Capital Trust incorporated in July
2010. The Investment Manager is Triple Point Investment Management
LLP. The Company was established to fund small and medium sized
enterprises (SMEs). The Company launched a new share class, known
as The Venture Fund, in March 2019 which is mandated to invest in
SMEs producing products or digital services that solve challenges
faced by their larger corporate customers.
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END
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(END) Dow Jones Newswires
January 18, 2021 11:02 ET (16:02 GMT)
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