TRIPLE POINT INCOME VCT PLC

Net Asset Value • Mar 16, 2023

National Storage Mechanism | Additional information

RNS Number : 1396T

Triple Point Income VCT PLC

16 March 2023

16 March 2023

Triple Point Income VCT plc

(the "Company")

NET ASSET VALUES FOR THE QUARTER ENDED 31 December 2022

The Company

The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted non-qualifying investments.

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.

E Share Class

·      The net asset value ("NAV") at 31 Dec 2022 was 69.63p per share.

·      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.

·      The earnings per share for the nine months ended 31 Dec 2022 was 4.88p per share.

·      During the quarter the Company completed on the sale of its gas fired energy holding in the E share class for total consideration of £2,634k. These proceeds were used to pay dividends of 4.76p per share in October and 7.24p per share in November 2022.  

·      The table below shows the E Share Class investment portfolio by sector on 31 Dec 2022:

Vertical Growing	36%
Hydroelectric Power	3%
SME Funding - Vertical Growing	25%
Solar	36%

Net Assets at 31 December 2022:

	Company (E Shares)
	£'000
VCT qualifying unquoted investments	14,051
VCT non-qualifying unquoted investments	4,694*
VCT non-qualifying quoted investments	-
	18,745
Cash and cash equivalents	725
Total Investments	19,470
Other assets & liabilities	681
Net assets	20,151
Net asset value per share (p)	69.63p

Net Assets at 30 September 2022:

	E Shares
	£'000
VCT qualifying unquoted investments	16,806
VCT non-qualifying unquoted investments	4,694*
VCT non-qualifying quoted investments	-
	21,500
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

* The Company continues to be qualifying due to the 12-month disregard period which applies to qualifying investments that have been sold.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP (Investment Manager)	Tel: 020 7201 8989
Jonathan Parr Belinda Thomas Henry Sumner

The Company's LEI is 213800IXD8S5WY88L245

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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