LONDON (Alliance News) - Chrysalis VCT PLC Tuesday reported a small decline in net asset value for its recently ended year.
Chrysalis had a net asset value of 81.30 pence as at the end of October, compared to 81.90 pence a year before.
It proposed a final dividend of 3.25 pence, taking its total dividend for the year to 7.25 pence, down from 12.50 pence a year before. This was as a result of a higher special dividend in the previous year.
Chrysalis said that its performance had been driven by generally improving valuations across the majority of its portfolio companies, as well as a deferred consideration from its disposal of Wessex Advanced Switching Products Ltd in 2014.
At had 27 venture capital investments at the year end valued at GBP16.8 million; during the year it added two new companies to its portfolio and made five follow-on investments at a total cost of GBP2.5 million.
Shares in Chrysalis closed down 2.0% at 59.31 pence Tuesday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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