Octopus Apollo VCT Octopus Apollo Vct Plc : Portfolio Update
February 23 2017 - 9:47AM
UK Regulatory
TIDMOAP3
OCTOPUS APOLLO VCT PLC ('Apollo')
23 February 2017
Portfolio update
Following the merger of Octopus Eclipse VCT PLC ("Eclipse") and Apollo
on 19 December 2016, Apollo announces that the top 10 Investee companies
by book cost at that date were:
Book cost as at 19 December 2016
Top 10 Investee Companies GBP000s
1. Clifford Thames Group Limited 13,318
2. Healthcare and Services Technology
Limited 7,186
3. Vista Retail Support Limited 6,758
4. Anglo European Group Limited 5,000
5. Coupra Limited 5,000
6. Dyscova Limited 4,700
7. Tanganyika Heat Limited 4,108
8. Winnipeg Heat Limited 3,719
9. Aquaso Limited 3,500
10. Countrywide Healthcare Supplies
Limited 2,675
Total of Top 10 55,964
Other 52 49,215
Grand Total 105,179
The top 10 investments excludes two Investment Companies (total combined
book cost of GBP10 million included in Grand Total). Please note that at
the date of the merger, 30 companies were transferred from Eclipse to
Apollo, bringing the total number of holdings in Apollo to 62 (including
Investment Companies).
Across the combined portfolio, 17 Investee companies were valued above
the investment cost at the date of the merger. A further 20 were valued
below the investment cost. The remaining 25 Investee companies were held
at the investment cost.
From 31 July 2016 to the merger on 19 December 2016, there was a net
cash outflow from Apollo of GBP12 million, leaving a balance of
approximately GBP24 million at the date of the merger (19 December
2016). The inflows and outflows during the period were:
GBPmillion GBPmillion
Cash balance as at 31 July 2016 36.0
Inflows
Disposals 14.4
Liquidation of Investment Companies 15.0
Funds raised 6.1
Loan interest 1.0 36.5
Outflows
Dividends (33.0)
Dividends to D Ordinary shareholders following the
merger of the share class (14.0)
Management & admin expenses (0.8)
Buybacks (0.7) (48.5)
Cash balance as at 19 December 2016 24.0
For further information please contact:
Nicola Board
Company Secretary
020 7776 8663
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Octopus Apollo VCT plc via Globenewswire
(END) Dow Jones Newswires
February 23, 2017 09:47 ET (14:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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