TRIPLE POINT INCOME VCT PLC

Net Asset Value • Feb 5, 2015

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RNS Number : 1991E

Triple Point Income VCT PLC

05 February 2015

Triple Point Income VCT plc

5 February 2015

Interim Management Statement for the quarter ended 31 December 2014

Highlights

Ordinary Share Class

·      Net Asset Value has increased from 79.97p to 80.36p per share during the last quarter.

·      At the date of this report the cumulative total paid by way of dividends to shareholders is 4.11p per share, bringing the total return to 84.47p per share. This compares to a weighted average share price at acquisition of 83.6p per share.

·      89% of the Ordinary Share Class unquoted investments are invested in qualifying investments.

·      The table below shows the unquoted qualifying investment portfolio by sector:

		Electricity Generation
Industry Sector	Cinema Digitisation	Solar PV	Anaerobic Digestion	Hydro Electric Power	Total Unquoted Qualifying Investments
	£'000	£'000	£'000	£'000	£'000
Total investments £	3,277	5,251	3,550	2,060	14,138
Total investments %	23%	37%	25%	15%	100%

A Share Class

·      Net Asset Value has increased from 76.19p to 76.32p per share during the last quarter.

·      At the date of this report the cumulative total paid by way of dividends to shareholders is 11.20p per share, bringing the total return to 87.52p per share. This compares to a weighted average share price at acquisition of 86.4p per share.

·      92% of the A Share Class unquoted investments are invested in qualifying investments.

·      The table below shows the unquoted qualifying investment portfolio by sector:

	Electricity Generation
Industry Sector	Solar PV	Anaerobic Digestion	Landfill Gas	Total Unquoted Qualifying Investments
	£'000	£'000	£'000	£'000
Total investments £	2,157	600	890	3,647
Total investments %	60%	16%	24%	100%

C Share Class

·      Net Asset Value has increased from 98.45p to 98.52p per share during the last quarter. This compares to a subscription price of £1.

·      95% of the C Share Class unquoted investments are invested in qualifying investments.

·      100% of the C Share Class qualifying investments are into Hydro Electric Power.

D Share Class

Shareholders approved the issue of a new share class for up to 19,020,009 D Ordinary Shares.  The offer was launched on 29 October 2014 and closes on 30 April 2015. Applications totalling £6.5 million have been received, of which £4 million has been allotted. The funds will be deployed into companies investing in small scale hydro electric power projects in Scotland.

Net Assets at 31 December 2014:

	31 December 2014 Unaudited				31 March 2014 Audited
	Ord. Shares	A Shares	C Shares	Total	Ord. Shares	A Shares	C Shares	Total
	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	14,138	3,647	9,430	27,215	14,331	3,647	-	17,978
VCT non qualifying unquoted investments	1,333	-	238	1,571	1,138	221	-	1,359
	15,471	3,647	9,668	28,786	15,469	3,868	-	19,337
Cash and cash equivalents	335	302	311	948	147	377	6,902	7,426
Total investments	15,806	3,949	9,979	29,734	15,616	4,245	6,902	26,763
Other assets & liabilities	(156)	(33)	3,263	3,074	(29)	(30)	(29)	(88)
Net assets	15,650	3,916	13,242	32,808	15,587	4,215	6,873	26,675
Net asset value per share	80.36p	76.32p	98.52p	n/a	79.03p	82.15p	98.38p	n/a

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

This information is provided by RNS

The company news service from the London Stock Exchange

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