Sign In
Last checked at 
2 Mar 2026 07:05
GRESHAM HOUSE INCOME & GROWTH 2 VCT PLC
("the Company")
LEI: 213800HKOSEVWS7YPH79
INTERIM MANAGEMENT STATEMENT
For the quarter ended 31 December 2025
Gresham House Income & Growth 2 VCT plc presents an Interim Management Statement for the quarter ended 31 December 2025. The statement also includes relevant financial information between the end of the period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
| At 31 December 2025 (unaudited) | At 30 September 2025 (audited) |
Net assets attributable to shareholders | £169.6 million | £177.7 million |
Shares in issue | 327,815,205 | 327,297,948
|
Net asset value (NAV) per share | 51.73p | 54.29p |
Cumulative dividends paid | 174.30p | 172.30p |
Cumulative Total return (net asset value basis) per share since inception | 226.03p | 226.59p |
The NAV per share decreased by 2.56 pence during the quarter. This decrease was principally due to a dividend payment of 2.00 pence per share paid on 30 October 2025 as well as a decrease in the unrealised valuation of the portfolio. Adjusting for the dividend payment, on a total return basis, the NAV per share decreased by 0.56 pence, or 1.0% during the quarter.
INVESTMENT ACTIVITY DURING THE PERIOD
New Investments during the period
On 29 December 2025, a new investment of £2.05 million was made into Tembo Money Limited, an FCA registered digital mortgage and savings platform.
Further investments during the period
On 31 December 2025, the Company completed a follow on investment of £2.10 million into Arkk Consulting Limited, a regulatory and tax reporting software provider.
DIVIDENDS PAID DURING THE PERIOD
On 10 September 2025, an interim dividend of 2.00 pence per share in respect of the year ending 30 September 2025 was declared. This dividend was paid on 30 October 2025 to all Shareholders whose names were on the register on 19 September 2025.
DIVIDEND INVESTMENT SCHEME ("DIS")
Following the dividend paid in October, as detailed above, the Company subsequently allotted 517,257 new Ordinary Shares of 1.00 pence each under the Company's DIS at a price of 51.79 pence per share.
INVESTMENT ACTIVITY AFTER THE PERIOD END
Further investments after the period end
On 8 January 2026, a new investment of £2.53 million was made into Veremark Limited, a provider of background screening and verification checks.
On 29 January 2026, the Company completed a follow on investment of £0.21 million into FocalPoint Positioning Limited, a GPS enhancement software provider.
On 5 February 2026, the Company completed a follow on investment of £0.40 million into Mobility Mojo UK Limited, a disability access assessment platform.
SHARE BUYBACK AFTER THE PERIOD END
On 30 January 2026, the Company purchased 4,667,133 of its own ordinary shares at a price of 49.68 pence per share. All shares bought back by the Company were subsequently cancelled.
OFFER FOR SUBSCRIPTION AND ISSUE OF PROSPECTUS
On 2 February 2026, the Company launched a Joint Offer for Subscription alongside Gresham House Income & Growth VCT plc (GHV1) ("Offers"). Under the Offers each Company is seeking to raise up to £32.5 million, being an aggregate £65 million. Each Board will also have the option to utilise an over-allotment facility to raise up to a further £15 million each, being an aggregate of £30 million. For further details, please visit the Gresham House VCTs' websites.
DIVIDEND DECLARED AFTER THE PERIOD END
On 2 March 2026, an interim dividend of 2.00 pence per share in respect of the year ending 30 September 2026 was declared and will be paid on 10 April 2026 to all Shareholders whose names were on the register on 13 March 2026. Payment of this interim dividend will reduce NAV per share (shown above) to 49.73 pence and increase cumulative dividends paid to 176.30 pence per share.
Shareholders can register for the Dividend Investment Scheme ("DIS") which will allow Shareholders to receive additional shares in the Company by re-investing their total dividend payment into new shares at the latest published NAV.
See the Company's website https://greshamhouse.com/gresham-house-income-growth-2-vct-plc/ for further details.
The dividend declared above is eligible for the DIS. Elections to join the DIS must be received by City Partnership by 27 March 2026.
Please note that all of the above information is unaudited.
Other than as described above, there were no material events during the period and to the date of this announcement.
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
020 7382 0999
Follow the stocks
