Last checked at 
13 Sep 2023 17:00
Portfolio UpdateOctopus AIM VCT 2 plc
Portfolio Update
The investment portfolio of Octopus AIM VCT 2 plc (the ‘Company’) as at 13 September 2023 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2023):
| Portfolio company | Sector | Book cost (£’000) | Movement in valuation (£’000) | Fair Value(£’000) |
| Ergomed plc | Pharmaceuticals & Biotechnology | 784 | 4,484 | 5,268 |
| Hasgrove plc1 | Unquoted Investment | 153 | 4,190 | 4,343 |
| Breedon Group plc | Construction & Materials | 573 | 2,902 | 3,475 |
| Judges Scientific plc | Electronic & Electrical Equipment | 188 | 2,673 | 2,861 |
| Equipmake Holdings plc | Software & Computer Services | 1,300 | 1,421 | 2,721 |
| Popsa Holdings Ltd1 | Unquoted Investment | 1,060 | 1,419 | 2,479 |
| IDOX plc | Software & Computer Services | 356 | 1,997 | 2,353 |
| Learning Technologies Group plc | Software & Computer Services | 701 | 1,618 | 2,319 |
| Craneware plc | Health Care Providers | 479 | 1,646 | 2,125 |
| SDI Group plc | Electronic & Electrical Equipment | 119 | 1,860 | 1,979 |
| Netcall plc | Software & Computer Services | 356 | 1,588 | 1,944 |
| Sosandar plc | Retailers | 1,235 | 673 | 1,908 |
| Brooks Macdonald Group plc | Investment Banking & Brokerage Services | 610 | 948 | 1,558 |
| Animalcare Group plc | Pharmaceuticals & Biotechnology | 824 | 620 | 1,444 |
| GB Group plc | Software & Computer Services | 337 | 1,042 | 1,379 |
| Vertu Motors plc | Retailers | 777 | 532 | 1,309 |
| Intelligent Ultrasound Group plc | Medical Equipment & Services | 1,437 | (146) | 1,291 |
| Maxcyte Inc | Pharmaceuticals & Biotechnology | 690 | 463 | 1,153 |
| Spectral MD Holdings Ltd1 | Health Care Providers | 1,410 | (311) | 1,099 |
| PCI-Pal plc | Software & Computer Services | 732 | 281 | 1,013 |
| Nexteq plc | Technology Hardware | 338 | 653 | 991 |
| EKF Diagnostics Holdings plc | Medical Equipment & Services | 737 | 225 | 962 |
| Next 15 Group plc | Media | 302 | 619 | 921 |
| Diaceutics plc | Health Care Providers | 620 | 196 | 816 |
| Itaconix plc | Industrial | 1,059 | (249) | 810 |
| Access Intelligence plc | Software & Computer Services | 501 | 155 | 656 |
| Clean Power Hydrogen plc | Alternative Energy | 1,200 | (573) | 627 |
| Beeks Financial Cloud Group plc | Software & Computer Services | 302 | 319 | 621 |
| Ilika plc | Electronic & Electrical Equipment | 706 | (87) | 619 |
| Feedback plc | Medical Equipment & Services | 1,000 | (396) | 604 |
| Libertine Holdings plc | Industrial Engineering | 2,000 | (1,400) | 600 |
| Cambridge Cognition Holdings plc | Health Care Providers | 400 | 149 | 549 |
| Gamma Communications plc | Telecommunications Service Providers | 183 | 345 | 528 |
| Ixico plc | Pharmaceuticals & Biotechnology | 697 | (224) | 473 |
| LungLife AI Inc | Pharmaceuticals & Biotechnology | 1,386 | (937) | 449 |
| RWS Holdings plc | Industrial Support Services | 143 | 295 | 438 |
| Oberon Investments Group plc | Investment Banking & Brokerage Services | 576 | (147) | 429 |
| Osirium Technologies plc (Loan notes) | Software & Computer Services | 400 | – | 400 |
| Gooch & Housego plc | Technology Hardware & Equipment | 281 | 115 | 396 |
| TPXimpact Holdings plc | Software & Computer Services | 653 | (327) | 326 |
| ENGAGE XR Holdings plc | Software & Computer Services | 1,253 | (934) | 319 |
| Advanced Medical Solutions Group plc | Medical Equipment & Services | 190 | 101 | 291 |
| Mattioli Woods plc | Investment Banking & Brokerage Services | 101 | 182 | 283 |
| Crimson Tide plc | Software & Computer Services | 378 | (101) | 277 |
| Velocity Composites plc | Aerospace & Defence | 533 | (270) | 263 |
| Evgen Pharma plc | Pharmaceuticals & Biotechnology | 700 | (437) | 263 |
| Creo Medical Group plc | Medical Equipment & Services | 981 | (730) | 251 |
| Gear4music Holdings plc | Leisure Goods | 353 | (104) | 249 |
| MyCelx Technologies Corporation | Oil, Gas & Coal | 980 | (752) | 228 |
| DP Poland plc | Travel & Leisure | 678 | (454) | 224 |
| Restore plc | Industrial Support Services | 171 | 36 | 207 |
| GENinCode plc | Medical Equipment & Services | 800 | (596) | 204 |
| Renalytix plc | Health Care Providers | 228 | (30) | 198 |
| KRM22 plc | Closed End Investments | 454 | (259) | 195 |
| Verici Dx plc | Pharmaceuticals & Biotechnology | 444 | (249) | 195 |
| Northcoders Group plc | Software & Computer Services | 253 | (93) | 160 |
| Polarean Imaging plc | Medical Equipment & Services | 458 | (305) | 153 |
| Glantus Holdings plc | Industrial Support Services | 782 | (636) | 146 |
| Gelion plc | Electronic & Electrical Equipment | 760 | (624) | 136 |
| Velocys plc | Alternative Energy | 664 | (530) | 134 |
| Cordel Group plc | Software & Computer Services | 296 | (188) | 108 |
| Eluceda Limited1 | Unquoted Investment | 200 | (92) | 108 |
| The Food Marketplace Ltd1 | Unquoted Investment | 200 | (100) | 100 |
| ReNeuron Group plc | Pharmaceuticals & Biotechnology | 990 | (892) | 98 |
| Strip Tinning Holdings plc | Electronic & Electrical Equipment | 337 | (246) | 91 |
| XP Factory PLC | Travel & Leisure | 659 | (576) | 83 |
| DXS International plc | Software & Computer Services | 200 | (125) | 75 |
| Enteq Upstream plc | Oil, Gas & Coal | 687 | (632) | 55 |
| Mears Group plc | Industrial Support Services | 51 | (1) | 50 |
| Falanx Cyber Security Limited | Industrial Support Services | 600 | (560) | 40 |
| Fusion Antibodies plc | Health Care Providers | 497 | (460) | 37 |
| WANdisco plc | Software & Computer Services | 52 | (17) | 35 |
| Abingdon Health plc | Medical Equipment & Services | 347 | (313) | 34 |
| 1Spatial plc | Software & Computer Services | 200 | (169) | 31 |
| Rosslyn Data Technologies plc | Software & Computer Services | 286 | (260) | 26 |
| Genedrive Plc | Pharmaceuticals & Biotechnology | 145 | (122) | 23 |
| Tasty plc | Travel & Leisure | 336 | (317) | 19 |
| Rated People Ltd1 | Unquoted Investment | 236 | (222) | 14 |
| Osirium Technologies plc | Software & Computer Services | 900 | (892) | 8 |
| LoopUp Group plc | Software & Computer Services | 197 | (193) | 4 |
| Haydale Graphene Industries plc | Industrial Materials | 399 | (396) | 3 |
| Trackwise Designs plc | Technology Hardware & Equipment | 1,289 | (1,286) | 3 |
| Microsaic Systems plc | Electronic & Electrical Equipment | 922 | (921) | 1 |
| Location Sciences Group plc | Software & Computer Services | 509 | (509) | – |
| Airnow plc | Unquoted Investment | 838 | (838) | – |
| The British Honey Company plc | General Retailers | 880 | (880) | – |
1 Denotes unlisted company
Since 31 July 2023 Octopus AIM VCT 2 plc has made £0.3 million investments and £0.1 million disposals.
Unless otherwise stated, all the investments set out above:
are quoted on public markets;represent equity investments except in the case of Osirium which include investment through loan stock; andare in portfolio companies incorporated in the UK with the exception of:Breedon Group – JerseyMaxcyte Inc – USAVR Education Holdings plc – IrelandFalanx Group Limited – British Virgin IslandsMycelx – USAGlantus Holdings plc – Republic of IrelandSpectral MD Holdings Ltd – USA
Current Asset Investments (unaudited)
| Portfolio company | Book cost (£’000) | Fair Value (£’000) |
| FP Octopus Microcap Growth Fund | 5,012 | 5,565 |
| FP Octopus Multi Cap Income Fund | 4,057 | 4,195 |
| FP Octopus Future Generations Fund | 720 | 593 |
| BlackRock ICS Sterling Liquidity Fund | 6,425 | 6,425 |
| HSBC Sterling Liquidity Fund | 6,426 | 6,426 |
Since 31 July 2023 there has been a disposal of £0.1 million from the current asset investments.
The capitalisation of Octopus AIM VCT 2 plc as at 31 July 2023 was as follows:
| Shareholders' Equity | £’000s | |
| Called up Equity Share Capital | 16 | |
| Legal reserves | 0 | |
| Other reserves | 85,840 | |
| Total | 85,856 | |
There has been no material change to the capitalisation since 31 July 2023.
For further information please contact:Rachel PeatOctopus Company Secretarial Services LimitedTel: +44 (0)80 0316 2067
LEI: 213800BW27BKJCI35L17