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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kings Arms Yard Vct Plc | LSE:KAY | London | Ordinary Share | GB0007174294 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.40 | 18.90 | 19.90 | 19.40 | 19.40 | 19.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 3.32M | 726k | 0.0014 | 138.57 | 100.91M |
TIDMKAY Kings Arms Yard VCT PLC Interim Management Statement Introduction I am pleased to present Kings Arms Yard VCT PLC's interim management statement for the period from 1 July 2016 to 9 November 2016. Performance and dividends The Company's unaudited net asset value (NAV) as at 30 September 2016 was GBP52.06 million or 20.94 pence per share (excluding treasury shares), an increase of 1.28 pence per share (6.5 per cent.) since 30 June 2016. After accounting for the dividend paid of 0.50 pence per share on 31 October 2016 to shareholders on the register as at 7 October 2016, the NAV is 20.44 pence per share. Share issues During the period from 1 July 2016 to 9 November 2016, the Company issued the following new Ordinary shares under the dividend reinvestment scheme: Number of shares Issue price per Net proceeds Date issued share GBP'000 31 October 2016 649,493 19.16 pence 123 Share buy-backs During the period from 1 July 2016 to 9 November2016, the Company purchased 1,187,000 shares for GBP215,000 at an average price of 18.13 pence per share. All of the shares are to be held in treasury. It remains the Board's policy to buy back shares in the market, subject to the overall constraint that such purchases are in the Company's interest, including the maintenance of sufficient resources for investment in existing and new portfolio companies and the continued payment of dividends to shareholders. As mentioned in the Interim management report of the latest Half-yearly Financial Report, the Company intends to limit the sum available for share buy-backs for the six month period ending 31 December 2016 to GBP750,000 unless a material exit occurs. It is the Board's intention for such buy-backs to be at around a 5 per cent. discount to net asset value, so far as market conditions and liquidity permit. Portfolio The following investments have been made during the period from 1 July 2016 to 9 November 2016: New investments GBP000's Activity Secured By Design Research and consulting for the global automotive Limited 260 sector Convertr Limited 284 Digital lead generation software Oviva AG 91 Medical nutritional therapy Total new investments 635 Further investments GBP000's Activity Active Lives Care Owner and operator of a care home for the elderly Limited 490 in Oxford Ryefield Court Owner and operator of a care home for the elderly Care Limited 486 in Hillingdon Abcodia Limited 121 Validation and discovery of serum biomarkers Elateral Group Limited 100 Provider of digital marketing software Proveca Limited 56 Reformulation of pediatric medicines Shinfield Lodge Owner and operator of a care home for the elderly Care Limited 10 in Shinfield, Berkshire Total further investments 1,263 Disposals The following disposals were made during the period from 1 July 2016 to 9 November 2016: Portfolio company GBP000's Partial disposal of investment Oxford Immunotec Global PLC 1,055 (October 2016) Loan stock and redemption premium Hilson Moran Holdings Limited 60 repayment Total proceeds 1,115 Top ten holdings as at 30 September 2016: % of net Carrying value asset Investment GBP000's value Activity Elateral Group Limited 5,801 11.1 Provider of digital marketing software Active Lives Care Owner and operator of a care home for the elderly Limited 5,396 10.4 in Oxford Ryefield Court Care Owner and operator of a care home for the elderly Limited 3,902 7.5 in Hillingdon Chonais River Hydro Limited 2,839 5.5 Hydropower project in Scotland Oxford Immunotec A global, commercial-stage diagnostic company in the Global PLC 2,773* 5.3 field of immunology Proveca Limited 2,206 4.2 Reformulation of pediatric medicines Sift 1,627 3.1 Web based provision of online business and community Limited management solutions The Street 1,544 3.0 Builds, owns and operates photovoltaic systems on by Street domestic properties in the UK Solar Programme Limited Alto 1,539 3.0 Owns and operates community scale wind energy projects Prodotto on brownfield sites in the UK Wind Limited Perpetuum 1,421 2.7 Provider of vibration harvester powered wireless sensing Limited systems for the rail and industrial sectors *Prior to the sale of shares totalling GBP1,055,000 as noted in Disposals above. A full breakdown of the Company's portfolio can be found on the Fund's webpage on the Manager's website at www.albion-ventures.co.uk/funds/KAY, by following the 'Portfolio of Investments' link under the 'Funds reports' section. Material events and transactions There have been no further significant events or transactions that the Board is aware of which would have a material impact on the financial position of the Company between 1 July 2016 and 9 November 2016. Further information The Company continues to offer a dividend reinvestment scheme to existing shareholders. Details of this Scheme can be found at www.albion-ventures.co.uk/funds/KAY. Further information regarding historic and current financial performance and other useful shareholder information can be found on the Fund's webpage on the Manager's website under www.albion-ventures.co.uk/funds/KAY. Robin Field, Chairman 9 November 2016 For further information please contact: Patrick Reeve, Albion Ventures LLP - Tel: 020 7601 1850 This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kings Arms Yard VCT PLC via Globenewswire http://www.sparkventures.com
(END) Dow Jones Newswires
November 09, 2016 09:39 ET (14:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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