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OAP3 Octopus Apollo Vct Plc

48.50
0.00 (0.00%)
Last Updated: 08:00:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Octopus Apollo Vct Plc LSE:OAP3 London Ordinary Share GB00B17B3479 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 48.50 47.00 50.00 48.50 48.50 48.50 1 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 51.92M 34.54M 0.0462 10.50 362.82M

Octopus Apollo VCT Octopus Apollo Vct Plc : Portfolio Update

23/02/2017 2:47pm

UK Regulatory


 
TIDMOAP3 
 
 
 
   OCTOPUS APOLLO VCT PLC ('Apollo') 
 
 
 
   23 February 2017 
 
 
 
   Portfolio update 
 
 
 
   Following the merger of Octopus Eclipse VCT PLC ("Eclipse") and Apollo 
on 19 December 2016, Apollo announces that the top 10 Investee companies 
by book cost at that date were: 
 
 
 
 
 
                                         Book cost as at 19 December 2016 
      Top 10 Investee Companies                       GBP000s 
1. Clifford Thames Group Limited                                      13,318 
2. Healthcare and Services Technology 
 Limited                                                               7,186 
3. Vista Retail Support Limited                                        6,758 
4. Anglo European Group Limited                                        5,000 
5. Coupra Limited                                                      5,000 
6. Dyscova Limited                                                     4,700 
7. Tanganyika Heat Limited                                             4,108 
8. Winnipeg Heat Limited                                               3,719 
9. Aquaso Limited                                                      3,500 
10. Countrywide Healthcare Supplies 
 Limited                                                               2,675 
Total of Top 10                                                       55,964 
Other 52                                                              49,215 
Grand Total                                                          105,179 
 
 
   The top 10 investments excludes two Investment Companies (total combined 
book cost of GBP10 million included in Grand Total). Please note that at 
the date of the merger, 30 companies were transferred from Eclipse to 
Apollo, bringing the total number of holdings in Apollo to 62 (including 
Investment Companies). 
 
   Across the combined portfolio, 17 Investee companies were valued above 
the investment cost at the date of the merger. A further 20 were valued 
below the investment cost. The remaining 25 Investee companies were held 
at the investment cost. 
 
   From 31 July 2016 to the merger on 19 December 2016, there was a net 
cash outflow from Apollo of GBP12 million, leaving a balance of 
approximately GBP24 million at the date of the merger (19 December 
2016). The inflows and outflows during the period were: 
 
 
 
 
                                                     GBPmillion  GBPmillion 
Cash balance as at 31 July 2016                                        36.0 
Inflows 
Disposals                                                  14.4 
Liquidation of Investment Companies                        15.0 
Funds raised                                                6.1 
Loan interest                                               1.0        36.5 
Outflows 
Dividends                                                (33.0) 
Dividends to D Ordinary shareholders following the 
 merger of the share class                               (14.0) 
Management & admin expenses                               (0.8) 
Buybacks                                                  (0.7)      (48.5) 
Cash balance as at 19 December 2016                                    24.0 
 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   020 7776 8663 
 
 
 
   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: Octopus Apollo VCT plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

February 23, 2017 09:47 ET (14:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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