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TRIPLE POINT VCT 2011 PLC Net Asset Value 2021
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Net Asset Value
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National Storage Mechanism | Additional information 
RNS Number : 0747M
Triple Point VCT 2011 PLC
18 January 2021
18 January 2021
Triple Point VCT 2011 plc
(the "Company")
Net Asset Values for the quarter ended 30 November 2020
The Company
The Company's funds at 30 November 2020 were invested in a portfolio of VCT qualifying and non-qualifying unquoted investments.
The Venture Fund continues to progress well in deploying its funds, at the reporting date the Venture Fund held 19 qualifying investments at a valuation totalling £7.98m. In general, the Venture portfolio companies that saw some negative impact from the Covid-19 related economic contraction in March and April 2020 have seen a pleasing recovery in sales and operational performance in subsequent quarters.
Following the reporting date, the Company allotted a further 2,687,468 new Venture Shares raising gross proceeds of £2.5m.
A Share Class
· The Net Asset Value at 30 November 2020 was 52.13p per share.
· During the 9-month period to 30 November 2020 the A Share Class made a profit of 1.10p per share.
· Total dividends paid to date to A Shareholders is 70.00 pence per share.
· At 30 November 2020 Net Asset Value plus dividends paid ("Total Shareholder Return") was 122.13p per share.
· The table below shows the A Shares unquoted investment portfolio by sector at 30 November 2020:
| Hydroelectric Power | 100% |
B Share Class
· The Net Asset Value at 30 November 2020 was 96.84p per share.
· During the 9-month period to 30 November 2020 the B Share Class made a small loss of 0.93p per share.
· Total dividends paid to date to B Shareholders is 10.00 pence per share.
· At 30 November 2020 the Total Shareholder Return for the B Share Class was 106.84p per share.
· The table below shows the B Shares unquoted investment portfolio by sector at 30 November 2020:
| Gas Power | 85% |
| SME Funding Hydroelectric Power | 15% |
Venture Share Class
· The Net Asset Value at 30 November 2020 was 91.95p per share.
· During the 9-month period to 30 November 2020 the Venture Share Class made a loss of 2.93p per share.
· The table below shows the Venture Funds unquoted investment portfolio by sector at 30 November 2020:
| Software as a Service (SaaS) | 32% |
| Telecoms | 4% |
| Human resources | 3% |
| Fintech | 31% |
| Health | 13% |
| Digital marketing | 10% |
| Education | 2% |
| SME Funding - Other | 5% |
Net Assets at 30 November 2020:
| A Shares | B Shares | Venture Shares | Total | |
| £'000 | £'000 | £'000 | £'000 | |
| VCT qualifying unquoted investments | 4,887 | 5,620 | 7,989 | 18,496 |
| VCT non-qualifying unquoted investments | 0 | 1,005 | 495 | 1,500 |
| Cash and cash equivalents | (16) | 105 | 3,138 | 3,227 |
| Total Investments | 4,871 | 6,730 | 11,622 | 23,223 |
| Other assets & liabilities | 315 | (138) | (86) | 91 |
| Net assets | 5,186 | 6,592 | 11,536 | 23,314 |
| Net asset value per share | 52.13 | 96.84 | 91.95 |
Net Assets at 29 February 2020:
| A Shares | B Shares | Venture Shares | Total | |
| £'000 | £'000 | £'000 | £'000 | |
| VCT qualifying unquoted investments | 4,887 | 5,620 | 4,590 | 15,097 |
| VCT non-qualifying unquoted investments | 550 | 1,005 | 495 | 2,050 |
| Cash and cash equivalents | 2 | 504 | 1,564 | 2,070 |
| Total Investments | 5,439 | 7,129 | 6,649 | 19,217 |
| Other assets & liabilities | 310 | (133) | (24) | 153 |
| Net assets | 5,749 | 6,996 | 6,625 | 19,370 |
| Net asset value per share (pence) | 57.78 | 102.77 | 99.01 |
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) |
Tel: 020 7201 8989 |
| Belinda Thomas Harry Penberthy Ian McLennan Seb Wallace |
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/.
NOTES:
The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.
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