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Pin to quick picksAlbion En. Vct Regulatory News (AAEV)

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Albion Enterprise VCT is an Investment Trust

To provide investors with a regular and predictable source of income, combined with the prospect of longer term capital growth by investing in a broad portfolio of higher growth businesses of the UK economy.

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Albion Enterprise VCT PLC: Interim Management Report

30 Aug 2023 11:43

Albion Enterprise VCT PLC: Interim Management Report

ALBION ENTERPRISE VCT PLC

LEI Code: 213800OVSRDHRJBMO720 Interim Management Statement

 

Introduction I present Albion Enterprise VCT PLC (the “Company”)’s interim management statement for the period from 1 April 2023 to 30 June 2023.

 

Performance and dividends

The Company's unaudited net asset value (NAV) on 30 June 2023 was £129.08 million or 127.43 pence per share (excluding treasury shares), a decrease of 1.17 pence per share (0.9%) since 31 March 2023.

After accounting for the first interim dividend for the year ending 31 March 2024 of 3.22 pence per share to be paid on 31 August 2023 to shareholders on the register on 4 August 2023, the NAV is 124.21 pence per share.

 

Fundraising and share issues

During the period from 1 April 2023 to 30 June 2023, the Company issued the following new Ordinary shares of nominal value 1 penny per share under the Albion VCTs Prospectus Top Up Offers 2022/23:

DateNumber of shares issuedIssue price per share (including costs of issue)Net proceeds £’000
14 April 2023415,875128.9p – 130.2p528

Portfolio There have been no material investments or disposals in the period from 1 April 2023 to 30 June 2023.

Top ten holdings (on 30 June 2023)

InvestmentCarrying value £000s% of net asset valueActivity
Quantexa24,31918.8%Network analytics platform to detect financial crime.
Egress Software Technologies12,7669.9%Encrypted email & file transfer service provider.
Proveca6,7065.2%Reformulation of medicines for paediatrics.
Radnor House School (TopCo)3,8833.0%Independent school for children aged 2-18.
Oviva3,7802.9%A technology enabled service business in medical nutritional therapy (MNT).
Healios3,0222.3%Provider of an online platform delivering family centric psychological care.
The Evewell Group2,9332.3%Operator and developer of women’s health centres focusing on fertility.
Threadneedle Software Holdings (t/a Solidatus)1,9091.5%Provider of data lineage software.
Convertr Media1,9051.5%Digital lead generation software.
Regenerco Renewable Energy1,8951.5%Generator of renewable energy from roof top solar installations.

A full breakdown of the Company’s portfolio can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/AAEV.

 

Share buy-backs

During the period from 1 April 2023 to 30 June 2023, the Company did not buy back any shares.

It remains the Board’s policy to buy back shares in the market, subject to the overall constraint that such purchases are in the Company’s interest, including the maintenance of sufficient resources for investment in existing and new portfolio companies and the continued payment of dividends to shareholders.

It is the Board’s intention for such buy-backs to be at around a 5% discount to net asset value, so far as market conditions and liquidity permit.

 

Material events and transactions after the period end

Other than as described above, there have been no material events or transactions during the quarter and to the date of this announcement.

Further information

The Company continues to offer a dividend reinvestment scheme to existing shareholders. Details of this Scheme can be found at www.albion.capital/funds/AAEV.

Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/AAEV.

 

Maxwell Packe, Chairman

30 August 2023

 

For further information please contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP

Telephone: 020 7601 1850

 

Date   Source Headline
26th Mar 201912:36 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
13th Mar 201911:32 amGNWOffer Update
28th Feb 201910:42 amGNWDirector/PDMR Shareholding
28th Feb 201910:40 amGNWDirector/PDMR Shareholding
28th Feb 201910:12 amGNWIssue of Equity and Total Voting Rights
14th Feb 201910:23 amGNWTransaction in Own Shares and Total Voting Rights and Capital
13th Feb 201912:31 pmGNWAlbion Enterprise VCT PLC: Interim Management Statement
31st Jan 20198:51 amGNWTotal voting rights and Capital
7th Jan 20195:55 pmGNWPublication of Prospectus
31st Dec 20187:00 amGNWTotal voting rights and Capital
6th Dec 201812:41 pmGNWTransaction in Own Shares and Total Voting Rights and Capital
4th Dec 20183:00 pmGNWHalf-yearly Financial Report
30th Nov 201811:38 amGNWTotal voting rights and Capital
6th Nov 20187:00 amGNWStatement regarding the proposed issue of a prospectus
31st Oct 201812:44 pmGNWTotal voting rights and Capital
9th Oct 20182:07 pmGNWDirectorate change
28th Sep 201811:44 amGNWTotal voting rights
26th Sep 20182:02 pmGNWTransaction in Own Shares
31st Aug 20189:37 amGNWDirector/PDMR Shareholding
31st Aug 20189:34 amGNWDirector/PDMR Shareholding
24th Aug 20183:40 pmGNWTransaction in Own Shares
21st Aug 20182:26 pmGNWAGM Statement
21st Aug 201810:40 amGNWAlbion Enterprise VCT PLC: Interim Management Statement
31st Jul 201810:48 amGNWTotal voting rights and Capital
13th Jul 20183:51 pmGNWTransaction in own shares and Total Voting Rights and Capital
29th Jun 20183:40 pmGNWTransaction in own shares and Total Voting Rights and Capital
29th Jun 201812:05 pmGNWAlbion Enterprise VCT PLC: Annual Financial Report
29th Jun 201811:07 amGNWTotal Voting Rights and Capital
27th Jun 20183:57 pmGNWDirectorate change
7th Aug 20095:16 pmRNSNotice
31st Mar 20094:45 pmRNSTotal Voting Rights
30th Mar 20094:42 pmRNSTransaction in Own Shares
20th Mar 20093:17 pmRNSChange of Name
16th Mar 20099:55 amRNSFSA viewing facility
5th Mar 20095:25 pmRNSInterim Management Statement - Replacement
27th Feb 20092:53 pmRNSTotal Voting Rights
4th Feb 20093:52 pmRNSInterim Management Statement
30th Jan 20094:04 pmRNSTotal Voting Rights
23rd Jan 200912:06 pmRNSChange of Inv Manager & Proposed Name Change
31st Dec 200811:14 amRNSTotal Voting Rights
19th Dec 20083:10 pmRNSTransaction in Own Shares
9th Dec 20082:36 pmRNSFSA viewing facility
28th Nov 20084:00 pmRNSTotal Voting Rights
27th Nov 20082:44 pmRNSInterim Results
31st Oct 20084:39 pmRNSTotal Voting Rights
23rd Oct 20089:33 amRNSNet Asset Value(s)
30th Sep 20084:40 pmRNSTotal Voting Rights
29th Aug 20083:31 pmRNSTotal Voting Rights
15th Aug 200810:46 amRNSInterim Management Statement
31st Jul 20084:53 pmRNSAnnual Information Update

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