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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Proven Growth & Income Vct Plc | LSE:PGOO | London | Ordinary Share | GB00B5B7YS03 | ORD 1.6187P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 49.15 | 47.80 | 50.50 | 49.15 | 49.15 | 49.15 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | -19.67M | -23.86M | -0.0783 | -6.28 | 149.69M |
TIDMPGOO ProVen Growth & Income VCT plc Interim Management Statement for the three months ended 30 November 2016 ProVen Growth & Income VCT plc (the "Company") presents an Interim Management Statement for the three month period ended 30 November 2016. The statement also includes relevant financial information between the end of the period and the date of this announcement. Performance Unaudited Unaudited Unaudited Audited 30 November 31 August 31 May 29 February 2016 2016 2016 2016 Pence Pence Pence Pence Net Asset Value per share ("NAV") 77.9 80.2 82.3 80.0 Dividends paid/ declared since class launch (originally as 'C' Shares)* 41.6 39.6 35.6 35.6 Total Return (NAV plus dividends paid/ declared since 'C' Share class launch) 119.5 119.8 117.9 115.6 * Dividends paid/ declared represents dividends paid/ declared in respect of the Original 'C' Shares between their launch in 2006 up until their conversion in 2009 and as Ordinary Shares since the 'C' Share conversion. 'C' Shares were converted into Ordinary Shares on a one for one basis in 2009. Dividends paid or declared On 8 November 2016, the Company announced an interim dividend for the year ending 28 February 2017 of 2.0p per Ordinary Share. This dividend was paid on 16 December 2016 to shareholders on the register at 18 November 2016. Investment portfolio summary at 30 November 2016 Portfolio summary Valuation GBP'000 Venture capital investments Third Bridge Group Limited 5,312 Pulpitum Limited 5,238 Dryden Holdings Limited 4,785 Sealskinz Holdings Limited 3,110 APM Healthcare Limited 2,977 Blis Media Limited 2,842 Disposable Cubicle Curtains Limited 2,768 D3O Holdings Limited 2,450 Chess Technologies Limited 2,318 MEL Topco Limited (t/a Maplin Electronics) 2,174 Other investments 23,012 56,986 Cash at bank 25,515 Total 82,501 Quoted investments are valued at the closing bid price at 30 November 2016, discounted where appropriate. Unquoted investments are valued at fair values established using the International Private Equity and Venture Capital Valuation Guidelines. Investment activity during the three month period ended 30 November 2016 Investment additions GBP'000 Honeycomb.TV Limited 605 ContactEngine Limited 550 1,155 On 15 November 2016, the Company committed to invest GBP667,000 in Firefly Learning Limited, subject to clearance from HMRC. Also during the period Dianomi Limited split its operations into Dianomi Limited and Buckingham Gate Financial Services Limited, and TVPlayer Limited de-merged from its parent company Simplestream Limited. The Company received a pro rata interest in these additional companies. Investment disposals Market Gain Realised value at Disposal against (Loss)/ Gain Cost 1 September 2016 proceeds cost in period GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 MyOptique Group Limited 3,630 6,467 6,453 2,823 (14) Donatantonio Group Limited 93 93 121 28 28 Celoxica Limited 68 68 68 - - 3,791 6,628 6,642 2,851 14 Investment activity from 1 December 2016 to the date of this announcement Investment additions GBP'000 Infinity Reliance Limited (trading as My 1st Years) 1,845 Whistle Sports, Inc. 1,696 D3O Holdings Limited 295 TVPlayer Limited 279 4,115 Investment disposals Market Gain Realised Value at Disposal against gain in Cost 1 September 2016 proceeds cost period GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 Celoxica Limited 46 46 46 - - 46 46 46 - - Offer for Subscription On 21 September 2016, the Company launched an offer for subscription of new ordinary shares to raise up to GBP30 million, with an over allotment facility of up to a further GBP10 million. Changes to share capital Ordinary Shares of 1.6187p each As at 1 September 2016 89,479,641 Ordinary Shares bought back during the 3 months to 30 November 2016 (476,661) Ordinary Shares issued during the 3 months to 30 November 2016* 9,474,341 As at 30 November 2016 98,477,321 * Under the Offer for Subscription dated 21 September 2016. In the period from 1 December 2016 to the date of this announcement, 128,000 Ordinary Shares were repurchased and subsequently cancelled and 304,721 Ordinary Shares were issued under the terms of the Company's Dividend Reinvestment Scheme in respect of the dividend of 2.0p per Ordinary Share paid on 16 December 2016. Material events On 18 January 2017, the Company announced that the Offer for Subscription which opened on 21 September 2016 (the "Offer") will close to further applications at 5 p.m. on Tuesday 31 January 2017. The final allotment for the 2016/17 tax year is expected to take place on 3 March 2017. There will be a further allotment for the tax year 2017/18 to follow as soon as practicable after 5 April 2017, following which the Offer will close. Other than the matters described above, there were no material events during the period from 1 September 2016 to 30 November 2016 or in the period from 1 December 2016 to the date of this announcement. Further information Further information regarding the Company, can be found on Beringea's dedicated VCT website: www.provenvcts.co.uk or by contacting Beringea, the Investment Manager at provenvcts@beringea.co.uk or by telephone 020 7845 7820. Beringea LLP Company Secretary Telephone 020 7845 7820 -End 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: Proven Growth & Income VCT plc via Globenewswire
(END) Dow Jones Newswires
January 23, 2017 12:52 ET (17:52 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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