TP10 VCT Plc Interim Management Statement (7945C)

TIDMTP10

RNS Number : 7945C

TP10 VCT Plc

21 January 2015

TP10 VCT plc

21 January 2015

Interim Management Statement for the quarter ended 30 November 2014

Highlights

   --      Net Asset Value increased from 84.20p per share to 84.40p per share during the period. 
   --      84% of the Company's portfolio is invested in qualifying investments 

-- At the date of this report the total paid by way of dividends to shareholders is 11.62p per share, bringing the total return to 96.02p per share

-- The Company confirms its intention to pay a further dividend before the end of the financial year of 1.69p per share bringing the total dividend paid this year to 5p per share.

   --      The table below shows the unquoted qualifying investment portfolio by sector: 
 
                                                          Electricity Generation 
                                                                                        Total Unquoted 
                         Cinema       Hydro Project    Solar    Anaerobic                 Qualifying 
 Industry Sector       Digitisation     Management       PV      Digestion   Landfill     Investments 
-------------------  --------------  --------------                                    --------------- 
                            GBP'000         GBP'000   GBP'000      GBP'000    GBP'000          GBP'000 
-------------------  --------------  --------------  --------  -----------  ---------  --------------- 
 Investments at 
  30 November 2014            5,579             903    11,888        2,225        721           21,316 
-------------------  --------------  --------------                                    --------------- 
 Investments %               26.17%           4.24%    55.77%       10.44%      3.38%          100.00% 
-------------------  --------------  --------------  --------  -----------  ---------  --------------- 
 

-- By June 2015 shareholders will have held their shares for the five years required to secure up-front Tax relief. Both the Board and Investment Manager are planning to return funds to shareholders as soon as practical after this date by realising the unquoted investments.

Net Assets at 30 November 2014:

 
                               30 November 2014           31 August 2014           28 February 2014 
                                   Unaudited                 Unaudited                  Audited 
                            GBP'000   % investments   GBP'000   % investments   GBP'000   % investments 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 VCT qualifying 
  unquoted investments       21,316            83.9    21,316            84.2    22,266            85.2 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 
   VCT non qualifying 
   unquoted investments:      4,009            15.8     3,933            15.5     3,805            14.6 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
                                                                                 26,071            99.8 
 Cash and cash 
  equivalents                    86             0.3        58             0.3        61             0.2 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 Total Investments           25,411           100.0    25,307           100.0    26,132           100.0 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 Other assets 
  & liabilities                  17                        59                        95 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 Net assets                  25,428                    25,366                    26,227 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 Net asset value 
  per share                  84.40p                    84.20p                    87.05p 
-------------------------  --------  --------------  --------  --------------  --------  -------------- 
 

For further information, please contact Claire Ainsworth 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

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