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LONDON (Alliance News) - Proven VCT PLC on Wednesday reported a rise in net asset value for the first half of its financial year, however, Proven Growth & Income VCT PLC saw a drop in its net asset value.
Proven VCT said its net asset value as at August 31 rose to 108.9 pence per share, up from 101.8p on the same date the year before, with net unrealised gains for the period of GBP3.4 million, due to valuation increases in Blis Media Ltd, Incontext Solutions and Think.
The venture capital trust invested a total of GBP8.6 million, including GBP4.8 million in new investments and GBP3.8 million to support its existing portfolio firm.
Proven VCT declared an ordinary dividend of 2.5 pence per share, and a special dividend of 25.25p for the period.
Meanwhile, Proven Income & Growth saw net asset value decline to 74.3 pence from 80.0p the prior year, reflecting the paid dividend.
Net unrealised gains from the investment portfolio came up to GBP3.5 million, due to valuation increases for Blis Media, Incontext Solutions and Smart Assistant.
The venture capital trust invested a total of GBP3.7 million during the period, comprising GBP1.6 million in new investments and GBP2.1 million in existing portfolio companies.
Proven Income & Growth declared an ordinary dividend of 2.0 pence per share and a special dividend of 4.5p.
Shares in Proven VCT were untraded on Wednesday, last quoted at 101.50 pence, while Proven Income & Growth shares were last traded at 67.00 pence.