TP10 Citi Fun 32

TIDMTP10

RNS Number : 6134I

TP10 VCT Plc

04 July 2013

TP10 VCT plc

3 July 2013

Interim Management Statement for the quarter ended 31 May 2013

TP10 VCT plc ("the Company") has pleasure in submitting its Interim Management Statement for the period ended 31 May 2013. This constitutes the Company's first Interim Management Statement for the financial year ending 28 February 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

Net assets at 31 May 2013 comprised:

 
                                31 May 2013            28 February 2013           31 August 2012 
                                 Unaudited                  Audited                  Unaudited 
                          GBP'000   % investments   GBP'000   % investments   GBP'000   % investments 
                         --------  --------------  --------  --------------  --------  -------------- 
 VCT qualifying 
  unquoted investments     22,425           83.2%    22,425           83.3%    22,888           86.0% 
 
   Non VCT qualifying 
   investments: 
 Unquoted investments       4,078           15.1%     4,042           15.0%     3,590           13.5% 
                           26,503           98.3%    26,467           98.3%    26,478           99.5% 
 Cash and cash 
  equivalents                 464            1.7%       459            1.7%       133            0.5% 
                         --------  --------------  --------  --------------  --------  -------------- 
 Total Investments         26,967         100.00%    26,926          100.0%    26,611          100.0% 
                         --------  --------------  --------  --------------  --------  -------------- 
 Other assets 
  & liabilities                42                        39                       (8) 
                         --------                  --------                  -------- 
 Net assets                27,009                    26,965                    26,603 
                         --------                  --------                  -------- 
 Net asset value 
  per share                89.50p                    89.35p                    88.15p 
 

During the period the Company acquired the equity in two Cinema Digitisation companies from another TPIM managed VCT.

The Company made a profit of GBP44,000 equivalent to 0.15p per share which increased the net asset value ("NAV") per share. A further dividend of 3.31p per share will be paid on 12 July 2013, which will reduce the NAV accordingly.

The investment portfolio can be analysed as follows:

 
                                                        Electricity Generation 
                       Cinema       Hydro Project    Solar    Anaerobic                         Total Unquoted 
 Industry Sector     Digitisation     Management       PV      Digestion   Landfill    Other      Investments 
-----------------  --------------  --------------                                    --------  --------------- 
                          GBP'000         GBP'000   GBP'000      GBP'000    GBP'000   GBP'000          GBP'000 
                   --------------  --------------            -----------             --------  --------------- 
 Investments 
  at 29 February 
  2013                      6,900             813    11,200        3,262      1,000     3,292           26,467 
                   --------------  --------------  --------  -----------  ---------  --------  --------------- 
 Investments 
  made during 
  the period                   36               -         -            -          -         -               36 
                   --------------  --------------  --------  -----------  ---------  --------  --------------- 
 Investments 
  at 31 May 2013            6,936             813    11,200        3,262      1,000     3,292           26,503 
                   --------------  --------------  --------  -----------  ---------  --------  --------------- 
 Investments 
  %                        26.17%           3.07%    42.26%       12.31%      3.77%    12.42%          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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