TRIPLE POINT VCT 2011 PLC — Net Asset Value 2019

Jan 17, 2019

National Storage Mechanism | Additional information

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RNS Number : 4237N

Triple Point VCT 2011 PLC

17 January 2019

Triple Point VCT 2011 plc

LEI: 213800AOOAQA5XQDEA89

17 January 2019

Interim Management Statement for the quarter ended 30 November 2018

Highlights

The Company

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.

Venture Fund

The Company and the Investment Manager continue to raise funds for the Venture Share Fund which is progressing well.

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.

A Share Class

·      The Net Asset Value at 30 November 2018 was 106.50p per share.

·      During the 9-month period to 30 November 2018 the A Share Class made a profit of 2.35p per share.

·      The A Shares unquoted investment portfolio by sector at 30 November 2018:

Hydro Electric Power                              67%

SME Funding Hydro Electric Power       17%

SME Funding Other                                16%

B Share Class

·      The Net Asset Value at 30 November 2018 was 99.86p per share.

·      During the 9-month period to 30 November 2018 the B Share Class made a loss of 0.14p per share.

·      The B Shares unquoted investment portfolio by sector at 30 November 2018:

Gas Power                                            75%

SME Funding Other                              25%

Net Assets at 30 November 2018:

	30-Nov-18				28-Feb-18
	Unaudited				Audited
	A Shares	B Shares	Total		A Shares	B Shares	Total
	£'000	£'000	£'000		£'000	£'000	£'000
VCT qualifying unquoted investments	6,577	5,100	11,677		6,577	5,100	11,677
VCT non-qualifying unquoted investments	3,167	1,710	4,877		3,167	1,710	4,877
Cash and cash equivalents	187	48	235		274	79	353
Total Investments	9,931	6,858	16,789		10,018	6,889	16,907
Other assets & liabilities	665	(43)	622		619	(63)	556
Net assets	10,596	6,815	17,411		10,637	6,826	17,463
Net asset value per share	106.50	99.86	n/a		106.90	100.00	n/a

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

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