Income & Growth VCT (The) PLC 3rd Quarter Results - Interim Management Statement (8525J)

TIDMIGV

RNS Number : 8525J

Income & Growth VCT (The) PLC

14 September 2016

The Income & Growth VCT plc

(the "Company")

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 June 2016

The Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 June 2016. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

 
                                               At        At 
                                          30 June      31 March 
                                             2016        2016 
 Net assets attributable to         GBP74,055,573   GBP74,311,427 
  shareholders 
 Shares in issue                       71,164,788      71,164,788 
 Net asset value (NAV) per share          104.06p         104.42p 
 Cumulative dividends paid to 
  date per share                           74.50p          74.50p 
 Total return per share since 
  inception (NAV basis) since 
  launch                                  178.56p         178.92p 
 

DIVIDENDS

No dividends were paid during the quarter. However, following the quarter end, on 7 July 2016, the Company paid an interim dividend of 6.00 pence per share in respect of the current year ending 30 September 2016, bringing total cumulative dividends paid per share since the inception of the current share class to 80.50 pence.

ISSUE OF EQUITY

No new shares were allotted or issued during the quarter under review. Following the quarter end, on 7 July 2016, the Company allotted 791,329 ordinary shares at price of 87.00 pence per share. The shares were allotted further to the Company's Dividend Investment Scheme in respect of the dividend of 6.00 pence per share paid on 7 July 2016 referred to above.

SHARE BUY-BACKS

The Company did not buy back any of its own shares during the quarter.

INVESTMENT ACTIVITY

New Investments

On 15 June 2016, GBP0.65 million was invested into MPB Group, Europe's leading online marketplace (www.mpb.com) for used photo and video equipment.

Realisations

There were no realisations during the period but on 15 June 2016, GBP0.01 million was received as deferred proceeds from the sale of Westway Services (2014) limited, which had occurred in December 2015.

After the period end, GBP0.01 million was received from Newquay Helicopters (2013) Limited as a third interim distribution resulting from the members' voluntary liquidation of the Company.

Loan Stock Repayments

GBP0.08 million was received during the quarter to 30 June 2016 from Jablite Holdings Limited as a loan stock repayment (including the premium payable).

Please note that all of the information above is unaudited.

Other than as described above, there were no material events during the period and to the date of this announcement.

For further information, please contact:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 14, 2016 08:47 ET (12:47 GMT)