TRIPLE POINT VCT 2011 PLC — Net Asset Value 2019

Jul 11, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2925F

Triple Point VCT 2011 PLC

11 July 2019

LEI: 213800AOOAQA5XQDEA89

Triple Point VCT 2011 plc

11 July 2019

Interim Management Statement for the quarter ended 31 May 2019

Highlights

The Company

The Company's funds at 31 May 2019 were 77% 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.

The Venture Fund is progressing in deploying its funds, with 3 investments made, totalling £0.75m during the 3-month period to 31 May 2019. A further £0.5m was invested following the period end in June 2019. The Venture Fund has made a total of 4 investments totalling £1.25m to date.   

A Share Class

·      The Net Asset Value at 31 May 2019 was 111.13p per share.

·      During the 3-month period to 31 May 2019 the A Share Class made a profit of 0.64p per share.

·      A fourth dividend of 4.00p per share was paid on 27 June 2019 bringing the total dividends paid to date to 11.75p.

·      Below shows the A Shares unquoted investment portfolio by sector at 31 May 2019:

Hydro Electric Power:                                        69%

SME Funding- Hydro Electric Power:                16%

SME Funding - Other:                                        15%

B Share Class

·      The Net Asset Value at 31 May 2019 was 106.06p per share.

·      During the 3-month period to 31 May 2019 the B Share Class made a small loss of 0.04p per share.

·      On 27 June, the B Share Class paid its first dividend to shareholders of 5.00p per share.  

·      Below shows the B Shares unquoted investment portfolio by sector at 31 May 2019:

Gas Power:                              76%

SME Funding - Other:              24%

Venture Share Class

·      The Net Asset Value at 31 May 2019 was 99.68p per share.

·      During the 3-month period to 31 May 2019 the Venture Share Class made a small loss of 0.47p per share.

·      During June the Venture Share fund made a £0.5m investment into Counting Up Limited, a financial technology company. The company aims to help small businesses and sole traders with the automation of their accounting and administration.

Software as a Service:             60%

Telecoms:                                40%

Net Assets at 31 May 2019:

	31-May-19
	Unaudited
	A Shares	B Shares	Venture Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	7,005	5,513	750	13,268
VCT non qualifying unquoted investments	3,097	1,726	-	4,823
Cash and cash equivalents	(26)	25	5,544	5,543
Total Investments	10,076	7,264	6,294	23,634
Other assets & liabilities	983	(24)	(274)	685
Net assets	11,059	7,240	6,020	24,319
Net asset value per share	111.13	106.06	99.68	n/a

Net Assets at 28 February 2019:

	28-Feb-19
	Audited
	A Shares	B Shares	Venture Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	7,005	5,513	-	12,518
VCT non qualifying unquoted investments	3,097	1,726	-	4,823
Cash and cash equivalents	3	43	-	46
Total Investments	10,105	7,282	-	17,387
Other assets & liabilities	890	(39)	-	851
Net assets	10,995	7,243	-	18,238
Net asset value per share	110.49	106.10	0.00	n/a

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

MSCGGUGCMUPBGAG