Net Asset Value(s)
Updated : 15:08
16 January 2020
Triple Point VCT 2011 plc
(the "Company")
NET ASSET VALUES FOR THE QUARTER ENDED 30 NOVEMBER 2019
The Company
The Company's funds at 30 November 2019 were invested in a portfolio of VCT qualifying and non-qualifying unquoted investments.
The Venture Fund is progressing in deploying its funds, with 7 qualifying investments made as at 30 November 2019, totalling £2.55m.
A further £0.5m was invested into a qualifying company following the period end in December 2019.
A Share Class
· The Net Asset Value at 30 November 2019 was 84.36p per share.
· During the 9-month period to 30 November 2019 the A Share Class made a profit of 1.38p per share.
· A Special dividend of 23.50p per share was paid on 29 November 2019 bringing the total dividends paid to date to 35.25p.
· Net Asset Value plus dividends (Total Shareholder Return) was 119.61p per share.
· The table below shows the A Shares unquoted investment portfolio by sector at 30 November 2019:
Hydro-electric power | 62% |
SME funding: Hydro-electric power | 21% |
SME funding: Other | 17% |
B Share Class
· The Net Asset Value at 30 November 2019 was 100.88p per share.
· During the 9-month period to 30 November 2019 the B Share Class made a small loss of 0.22p per share.
· On 27 June, the B Share Class paid its first dividend to shareholders of 5.00p per share.
· Net Asset Value plus dividends (Total Shareholder Return) was 105.88p per share.
· The table below shows the B Shares unquoted investment portfolio by sector at 30 November 2019:
Gas power | 80% |
SME funding: Other | 20% |
Venture Share Class
· The Net Asset Value at 30 November 2019 was 99.01p per share.
· During the 9-month period to 30 November 2019 the Venture Share Class made a loss of 1.17p per share.
· During December the Venture Share fund made a £0.5m investment into an 8th qualifying company, meaning that around 44% of Venture Share Class funds raised in 2019 had been deployed into qualifying investments as at the date of this update.
· The table below shows the Venture Funds unquoted investment portfolio by sector at 30 November 2019:
Software as a service (SaaS) | 51% |
Telecoms | 10% |
Fintech | 23% |
SME funding: Other | 16% |
Net Assets at 30 November 2019:
30-Nov-19 | ||||
Unaudited | ||||
A Shares | B Shares | Venture Shares | Total | |
£'000 | £'000 | £'000 | £'000 | |
VCT qualifying unquoted investments | 4,755 | 5,513 | 2,550 | 12,818 |
VCT non-qualifying unquoted investments | 2,944 | 1,386 | 490 | 4,820 |
Cash and cash equivalents | 86 | 6 | 3,874 | 3,966 |
Total Investments | 7,785 | 6,905 | 6,914 | 21,604 |
Other assets & liabilities | 610 | (37) | (71) | 502 |
Net assets | 8,395 | 6,868 | 6,843 | 22,106 |
Net asset value per share | 84.36 | 100.88 | 99.01 | n/a |
Net Assets at 28 February 2019:
28-Feb-19 | ||||
Audited | ||||
A Shares | B Shares | Venture Shares | Total | |
£'000 | £'000 | £'000 | £'000 | |
VCT qualifying unquoted investments | 7,005 | 5,513 | - | 12,518 |
VCT non-qualifying unquoted investments | 3,097 | 1,726 | - | 4,823 |
Cash and cash equivalents | 3 | 43 | - | 46 |
Total Investments | 10,105 | 7,282 | - | 17,387 |
Other assets & liabilities | 890 | (39) | - | 851 |
Net assets | 10,995 | 7,243 | - | 18,238 |
Net asset value per share | 110.49 | 106.10 | 0.00 | n/a |
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
Ben Beaton Belinda Thomas Harry Penberthy |
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website https://www. https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/.
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.