TP10 VCT Plc 3rd Quarter Results (4016V)
January 11 2013 - 10:47AM
UK Regulatory
TIDMTP10
RNS Number : 4016V
TP10 VCT Plc
11 January 2013
TP10 VCT plc
11 January 2013
Interim Management Statement for the quarter ended 30 November
2012
TP10 VCT plc has pleasure in submitting its Interim Management
Statement for the period ended 30 November 2012. This constitutes
the Company's second Interim Management Statement for the financial
year ending 28 February 2013, as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2012 comprised:
30 November 2012 31 August 2012 29 February 2012
Unaudited Unaudited Audited
GBP'000 % investments GBP'000 % investments GBP'000 % investments
-------- -------------- -------- -------------- -------- --------------
VCT qualifying
unquoted investments 22,888 85.9 22,888 86.0 17,863 64.6
Non VCT qualifying
investments:
Unquoted investments 3,292 12.4 3,590 13.5 1,965 7.1
Money Market - - - 295 1.1
-------- -------------- -------- -------------- -------- --------------
26,180 98.3 26,478 99.5 20,123 72.8
Cash and cash
equivalents 469 1.7 133 0.5 7,535 27.2
-------- -------------- -------- -------------- -------- --------------
Total Investments 26,649 100.0 26,611 100.00 27,658 100.0
-------- -------------- -------- -------------- -------- --------------
Other assets
& liabilities (32) (8) (85)
-------- -------- --------
Net assets 26,617 26,603 27,573
-------- -------- --------
Net asset value
per share 88.20p 88.15p 91.37p
Investment Activity
The Company satisfied the requirement of being 70% invested in
qualifying investments a year ahead of its target date. Qualifying
and non-qualifying unquoted investments represent 98% of total
investments. The Board therefore believes that the Company is well
placed to deliver returns to shareholders over the longer term and
expects that this will result in the net asset value per share
increasing, before taking account of any dividends.
The investment portfolio can be analysed as follows:
Electricity Generation
Cinema Hydro Project Solar Anaerobic Total Unquoted
Industry Sector Digitisation Management PV Digestion Landfill Finance Investments
---------------------- -------------- -------------- -------- ----------- --------- -------- ---------------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
---------------------- -------------- -------------- -------- ---------------
Investments
at 31 August
2012 6,900 813 11,200 2,975 1,000 3,590 26,478
-------- ---------------
Investments
disposed of
during the period - - - - - (298) (298)
---------------------- -------------- -------------- -------- ----------- ---------
Investments
at 30 November
2012 6,900 813 11,200 2,975 1,000 3,292 26,180
---------------------- -------------- -------------- -------- ----------- --------- -------- ---------------
Unquoted Investments
% 26.06% 3.07% 42.30% 11.24% 3.78% 13.56% 100.00%
---------------------- -------------- -------------- -------- ----------- --------- -------- ---------------
Material Events and Transactions
During the period no shares were issued and no shares were
purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or
Chris Tottle 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
END
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