INCOME & GROWTH VCT (THE) PLC

Net Asset Value • Feb 27, 2024

National Storage Mechanism | Additional information

RNS Number : 6145E

Income & Growth VCT (The) PLC

27 February 2024

The Income & Growth VCT plc

("the Company")

LEI:  213800FPC15FNM74YD92

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2023

The Income & Growth VCT plc presents an Interim Management Statement for the quarter ended

31 December 2023. The statement also includes relevant financial information between the end

of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

	At 31 December 2023 (unaudited)	At 30 September 2023 audited)
Net assets attributable to shareholders	£115,851,751	£122,777,786
Shares in issue	157,531,576	154,766,933
Net asset value (NAV) per share	73.54p	79.33p
Cumulative dividends paid	159.50p	152.50p
Cumulative Total return (net asset value basis) per share since inception	233.04p	231.83p

The NAV per share has decreased by 5.79 pence in the quarter (a decrease of 7.3% upon the opening NAV per share).

INVESTMENT ACTIVITY DURING THE PERIOD

New Investments during the period

On 15 December 2023, a new equity investment of £1.50 million was made into Ozone Financial Technology Limited, an open banking software developer.

On 21 December 2023, a new equity investment of £0.77 million was made into Huddl Mobility Limited (trading as CitySwift), a passenger transport data and scheduling software provider.

On 22 December 2023, a new equity investment of £0.53 million was made into Azarc.io Inc, a cross-border customs automation software provider.

Further Investments during the period

On 20 November 2023, a follow on loan investment of £0.23 million was made into Rota Geek Limited, a provider of cloud-based staff scheduling solutions.

On 11 December 2023, a follow on equity investment of £0.17 million was made into Focal Point Positioning Limited, a provider of GPS enhancement software.

DIVIDEND PAID DURING THE PERIOD

On 8 November 2023, an interim dividend of 7.00 pence per share in respect of the year ending

30 September 2023 was paid to all Shareholders whose names were on the register on

13 October 2023.

INVESTMENT ACTIVITY AFTER THE PERIOD END

Follow-on investment after the period end

On 10 January 2024, a follow on equity investment of £0.64 million was made into My TutorWeb Limited (trading as MyTutor), a digital marketplace for online tutoring.

Realisation after the period end

The Company is pleased to announce the sale of Masters Removers Group (2019) Limited ("MRG") to Elanders AB and alongside this, the sale of its shares in MRG's domestic removals business to management. There is no material difference in proceeds receivable compared to the value at which the Company holds its investment in MRG. Further details will be announced via a separate RNS in due course.

Share Buyback after the period end

On 19 January 2024, the Company purchased 1,237,907 of its own ordinary shares at a price of

68.71 pence per share.

All shares bought back by the Company were subsequently cancelled.

Please note that all of the above information is unaudited.

Other than as described above, there were no material events during the period and to the date of this announcement.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

020 7382 0999

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