Triple Point VCT 2011 PLC Interim Management Statement (2925F)
July 11 2019 - 11:45AM
UK Regulatory
TIDMTPOA TIDMTPOB
RNS Number : 2925F
Triple Point VCT 2011 PLC
11 July 2019
LEI: 213800AOOAQA5XQDEA89
Triple Point VCT 2011 plc
11 July 2019
Interim Management Statement for the quarter ended 31 May
2019
Highlights
The Company
The Company's funds at 31 May 2019 were 77% invested in a
portfolio of VCT qualifying and non-qualifying unquoted
investments. It continues to meet the condition that 70% of
relevant funds must be invested in qualifying investments.
The Venture Fund is progressing in deploying its funds, with 3
investments made, totalling GBP0.75m during the 3-month period to
31 May 2019. A further GBP0.5m was invested following the period
end in June 2019. The Venture Fund has made a total of 4
investments totalling GBP1.25m to date.
A Share Class
-- The Net Asset Value at 31 May 2019 was 111.13p per share.
-- During the 3-month period to 31 May 2019 the A Share Class
made a profit of 0.64p per share.
-- A fourth dividend of 4.00p per share was paid on 27 June 2019
bringing the total dividends paid to date to 11.75p.
-- Below shows the A Shares unquoted investment portfolio by sector at 31 May 2019:
Hydro Electric Power: 69%
SME Funding- Hydro Electric Power: 16%
SME Funding - Other: 15%
B Share Class
-- The Net Asset Value at 31 May 2019 was 106.06p per share.
-- During the 3-month period to 31 May 2019 the B Share Class
made a small loss of 0.04p per share.
-- On 27 June, the B Share Class paid its first dividend to shareholders of 5.00p per share.
-- Below shows the B Shares unquoted investment portfolio by sector at 31 May 2019:
Gas Power: 76%
SME Funding - Other: 24%
Venture Share Class
-- The Net Asset Value at 31 May 2019 was 99.68p per share.
-- During the 3-month period to 31 May 2019 the Venture Share
Class made a small loss of 0.47p per share.
-- During June the Venture Share fund made a GBP0.5m investment
into Counting Up Limited, a financial technology company. The
company aims to help small businesses and sole traders with the
automation of their accounting and administration.
Software as a Service: 60%
Telecoms: 40%
Net Assets at 31 May 2019:
31-May-19
Unaudited
Venture
A Shares B Shares Shares Total
--------- --------- -------- --------
GBP'000 GBP'000 GBP'000 GBP'000
--------- --------- -------- --------
VCT qualifying unquoted investments 7,005 5,513 750 13,268
--------- --------
VCT non qualifying unquoted
investments 3,097 1,726 - 4,823
--------- --------- --------
Cash and cash equivalents (26) 25 5,544 5,543
--------- --------- --------
Total Investments 10,076 7,264 6,294 23,634
--------- --------- --------
Other assets & liabilities 983 (24) (274) 685
--------- --------
Net assets 11,059 7,240 6,020 24,319
--------- --------- --------
Net asset value per share 111.13 106.06 99.68 n/a
--------- --------- -------- --------
Net Assets at 28 February 2019:
28-Feb-19
Audited
Venture
A Shares B Shares Shares Total
--------- --------- -------- --------
GBP'000 GBP'000 GBP'000 GBP'000
--------- --------- -------- --------
VCT qualifying unquoted investments 7,005 5,513 - 12,518
--------- --------
VCT non qualifying unquoted
investments 3,097 1,726 - 4,823
--------- --------- --------
Cash and cash equivalents 3 43 - 46
--------- --------- --------
Total Investments 10,105 7,282 - 17,387
--------- --------- --------
Other assets & liabilities 890 (39) - 851
--------- --------
Net assets 10,995 7,243 - 18,238
--------- --------- --------
Net asset value per share 110.49 106.10 0.00 n/a
--------- --------- -------- --------
For further information, please contact Ben Beaton or Belinda
Thomas at Triple Point Investment Management LLP on 0207 201
8989.
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END
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