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Share Price Information for Triple Point 11 (TPOA)

London Stock Exchange
Share Price: 100.50
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Triple Point VCT2011 - Interim Management Statement

Thu, 17th Jan 2019 14:48

RNS Number : 4237N
Triple Point VCT 2011 PLC
17 January 2019
 

Triple Point VCT 2011 plc

 

LEI: 213800AOOAQA5XQDEA89

 

17 January 2019

 

Interim Management Statement for the quarter ended 30 November 2018

 

Highlights

 

The Company

 

The Company's funds at 30 November 2018 were 99% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of relevant funds must be invested in qualifying investments.

 

Venture Fund

 

The Company and the Investment Manager continue to raise funds for the Venture Share Fund which is progressing well.

 

The Venture Shares will aim to acquire a portfolio of Qualifying Investments in early stage companies, capable of generating significant long-term capital growth, whilst also enabling investors to take advantage of the substantial tax reliefs available to Investors in VCTs, including 30% income tax relief on amounts invested and tax-free dividends and capital gains.

 

A Share Class

 

·      The Net Asset Value at 30 November 2018 was 106.50p per share.

·      During the 9-month period to 30 November 2018 the A Share Class made a profit of 2.35p per share.

·      The A Shares unquoted investment portfolio by sector at 30 November 2018:

 

Hydro Electric Power                              67%

SME Funding Hydro Electric Power       17%

SME Funding Other                                16%

 

B Share Class

 

·      The Net Asset Value at 30 November 2018 was 99.86p per share.

·      During the 9-month period to 30 November 2018 the B Share Class made a loss of 0.14p per share.

·      The B Shares unquoted investment portfolio by sector at 30 November 2018:

 

Gas Power                                            75%

SME Funding Other                              25%

 

Net Assets at 30 November 2018:

 

 

30-Nov-18

 

28-Feb-18

 

Unaudited

 

Audited

 

A Shares

B Shares

Total

 

A Shares

B Shares

Total

 

£'000

£'000

£'000

 

£'000

£'000

£'000

VCT qualifying unquoted investments

6,577

5,100

11,677

 

6,577

5,100

11,677

VCT non-qualifying unquoted investments

3,167

1,710

4,877

 

3,167

1,710

4,877

Cash and cash equivalents

187

48

235

 

274

79

353

Total Investments

9,931

6,858

16,789

 

10,018

6,889

16,907

Other assets & liabilities

665

(43)

622

 

619

(63)

556

Net assets

10,596

6,815

17,411

 

10,637

6,826

17,463

Net asset value per share

106.50

99.86

n/a

 

106.90

100.00

n/a

 

For further information, please contact Ben Beaton or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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