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17 Jan 2019 14:48
Triple Point VCT 2011 plc
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LEI: 213800AOOAQA5XQDEA89
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17 January 2019
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Interim Management Statement for the quarter ended 30 November 2018
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Highlights
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The Company
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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.
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Venture Fund
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The Company and the Investment Manager continue to raise funds for the Venture Share Fund which is progressing well.
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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.
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A Share Class
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路 The Net Asset Value at 30 November 2018 was 106.50p per share.
路 During the 9-month period to 30 November 2018 the A Share Class made a profit of 2.35p per share.
路 The A Shares unquoted investment portfolio by sector at 30 November 2018:
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Hydro Electric Power 67%
SME Funding Hydro Electric Power 17%
SME Funding Other 16%
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B Share Class
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路 The Net Asset Value at 30 November 2018 was 99.86p per share.
路 During the 9-month period to 30 November 2018 the B Share Class made a loss of 0.14p per share.
路 The B Shares unquoted investment portfolio by sector at 30 November 2018:
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Gas Power 75%
SME Funding Other 25%
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Net Assets at 30 November 2018:
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聽 | 30-Nov-18 | 聽 | 28-Feb-18 | ||||
聽 | Unaudited | 聽 | Audited | ||||
聽 | A Shares | B Shares | Total | 聽 | A Shares | B Shares | Total |
聽 | 拢'000 | 拢'000 | 拢'000 | 聽 | 拢'000 | 拢'000 | 拢'000 |
VCT qualifying unquoted investments | 6,577 | 5,100 | 11,677 | 聽 | 6,577 | 5,100 | 11,677 |
VCT non-qualifying unquoted investments | 3,167 | 1,710 | 4,877 | 聽 | 3,167 | 1,710 | 4,877 |
Cash and cash equivalents | 187 | 48 | 235 | 聽 | 274 | 79 | 353 |
Total Investments | 9,931 | 6,858 | 16,789 | 聽 | 10,018 | 6,889 | 16,907 |
Other assets & liabilities | 665 | (43) | 622 | 聽 | 619 | (63) | 556 |
Net assets | 10,596 | 6,815 | 17,411 | 聽 | 10,637 | 6,826 | 17,463 |
Net asset value per share | 106.50 | 99.86 | n/a | 聽 | 106.90 | 100.00 | n/a |
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For further information, please contact Ben Beaton or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.
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