16 Mar 2023 07:00
16 March 2023
Triple Point Income VCT plc
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(the "Company")
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NET ASSET VALUES FOR THE QUARTER ENDED 31 December 2022
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The Company
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The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted non-qualifying investments.
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During the quarter the C and D shareholders fully exited and their shares were cancelled. The Company now has one share class, the E share class.
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E Share Class
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路 The net asset value ("NAV") at 31 Dec 2022 was 69.63p per share.
路 At 31 Dec 2022 the total shareholder return for the E Share Class was 114.13p per share, which included the NAV and dividends paid of 44.50p.
路 The earnings per share for the nine months ended 31 Dec 2022 was 4.88p per share.
路 During the quarter the Company completed on the sale of its gas fired energy holding in the E share class for total consideration of 拢2,634k. These proceeds were used to pay dividends of 4.76p per share in October and 7.24p per share in November 2022. 聽
路 The table below shows the E Share Class investment portfolio by sector on 31 Dec 2022:
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Vertical Growing | 36% |
Hydroelectric Power | 3% |
SME Funding - Vertical Growing | 25% |
Solar | 36% |
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Net Assets at 31 December 2022:
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Company (E Shares) | |
拢'000 | |
VCT qualifying unquoted investments | 14,051 |
VCT non-qualifying unquoted investments | 4,694* |
VCT non-qualifying quoted investments | - |
18,745 | |
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Cash and cash equivalents | 725 |
Total Investments | 19,470 |
Other assets & liabilities | 681 |
Net assets | 20,151 |
Net asset value per share (p) | 聽69.63p |
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Net Assets at 30 September 2022:
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E Shares | |
拢'000 | |
VCT qualifying unquoted investments | 16,806 |
VCT non-qualifying unquoted investments | 4,694* |
VCT non-qualifying quoted investments | - |
21,500 | |
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Cash and cash equivalents | 1,593 |
Total Investments | 23,093 |
Other assets & liabilities | 502 |
Net assets | 23,595 |
Net asset value per share (p) | 81.53p聽 |
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* The Company continues to be qualifying due to the 12-month disregard period which applies to qualifying investments that have been sold.
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FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
聽 Jonathan Parr Belinda Thomas Henry Sumner 聽 |
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The Company's LEI is 213800IXD8S5WY88L245
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Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/.
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