TP10 Citi Fun 32

TIDMTP10

RNS Number : 2250X

TP10 VCT Plc

08 January 2014

TP10 VCT plc

8 January 2014

Interim Management Statement for the quarter ended 30 November 2013

TP10 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 30 November 2013. This constitutes the Company's second 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 30 November 2013 comprised:

 
                             30 November 2013           31 August 2013           28 February 2013 
                                 Unaudited                 Unaudited                  Audited 
                          GBP'000   % investments   GBP'000   % investments   GBP'000   % investments 
                         --------  --------------  --------  --------------  --------  -------------- 
 VCT qualifying 
  unquoted investments     22,425           86.3%    22,425           86.4%    22,425           83.3% 
 
   VCT non qualifying 
   investments: 
 Unquoted investments       3,343           12.8%     3,343           12.9%     4,042           15.0% 
                           25,768           99.1%    25,768           99.3%    26,467           98.3% 
 Cash and cash 
  equivalents                 220            0.9%       174            0.7%       459            1.7% 
                         --------  --------------  --------  --------------  --------  -------------- 
 Total Investments         25,988          100.0%    25,942          100.0%    26,926          100.0% 
                         --------  --------------  --------  --------------  --------  -------------- 
 Other assets 
  & liabilities                92                        65                        39 
                         --------                  --------                  -------- 
 Net assets                26,080                    26,007                    26,965 
                         --------                  --------                  -------- 
 Net asset value 
  per share                86.56p                    86.32p                    89.35p 
 

The Company has made a profit for the quarter of GBP73,000 equivalent to 0.24p per share which increased the net asset value ("NAV") per share.

The unquoted investment portfolio can be analysed as follows:

 
                                                            Electricity Generation 
                           Cinema       Hydro Project    Solar    Anaerobic                             Total Unquoted 
 Industry Sector         Digitisation     Management       PV      Digestion   Landfill   SME Lending     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 year                         36               -         -            -          -             -               36 
---------------------  --------------  --------------  --------  -----------  ---------  ------------  --------------- 
 Investments 
  disposed of 
  during the year                   -               -         -        (735)          -             -            (735) 
---------------------  --------------  --------------  --------  -----------  ---------  ------------  --------------- 
 Investments 
  at 30 November2013            6,936             813    11,200        2,527      1,000         3,292           25,768 
---------------------  --------------  --------------  --------  -----------  ---------  ------------  --------------- 
 Investments 
  %                            26.92%           3.16%    43.45%        9.81%      3.88%        12.78%          100.00% 
---------------------  --------------  --------------  --------  -----------  ---------  ------------  --------------- 
 

Material Events and Transactions

There were no material events or transactions during the period.

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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