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4 Jul 2013 11:10
TP10 VCT plc
3 July 2013
Interim Management Statement for the quarter ended 31 May 2013
TP10 VCT plc ("the Company") has pleasure in submitting its Interim Management Statement for the period ended 31 May 2013. This constitutes the Company's first Interim Management Statement for the financial year ending 28 February 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets at 31 May 2013 comprised:
31 May 2013 | 28 February 2013 | 31 August 2012 | |||||||||
Unaudited | Audited | Unaudited | |||||||||
£'000 | % investments | £'000 | % investments | £'000 | % investments | ||||||
VCT qualifying unquoted investments | 22,425 | 83.2% | 22,425 | 83.3% | 22,888 | 86.0% | |||||
Non VCT qualifying investments: | |||||||||||
Unquoted investments | 4,078 | 15.1% | 4,042 | 15.0% | 3,590 | 13.5% | |||||
26,503 | 98.3% | 26,467 | 98.3% | 26,478 | 99.5% | ||||||
Cash and cash equivalents | 464 | 1.7% | 459 | 1.7% | 133 | 0.5% | |||||
Total Investments | 26,967 | 100.00% | 26,926 | 100.0% | 26,611 | 100.0% | |||||
Other assets & liabilities | 42 | 39 | (8) | ||||||||
Net assets | 27,009 | 26,965 | 26,603 | ||||||||
Net asset value per share | 89.50p | 89.35p | 88.15p | ||||||||
During the period the Company acquired the equity in two Cinema Digitisation companies from another TPIM managed VCT.
The Company made a profit of £44,000 equivalent to 0.15p per share which increased the net asset value ("NAV") per share. A further dividend of 3.31p per share will be paid on 12 July 2013, which will reduce the NAV accordingly.
The investment portfolio can be analysed as follows:
Electricity Generation | |||||||
Industry Sector | Cinema Digitisation | Hydro Project Management | Solar PV | Anaerobic Digestion | Landfill | Other | Total Unquoted Investments |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
Investments at 29 February 2013 | 6,900 | 813 | 11,200 | 3,262 | 1,000 | 3,292 | 26,467 |
Investments made during the period | 36 | - | - | - | - | - | 36 |
Investments at 31 May 2013 | 6,936 | 813 | 11,200 | 3,262 | 1,000 | 3,292 | 26,503 |
Investments % | 26.17% | 3.07% | 42.26% | 12.31% | 3.77% | 12.42% | 100.00% |
Material Events and Transactions
During the period no shares were issued and no shares were purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or Chris Tottle at Triple Point Investment Management LLP on 0207 201 8989.
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