TP5 VCT PLC Interim Management Statement (1994E)

TIDMTP5

RNS Number : 1994E

TP5 VCT PLC

05 February 2015

TP5 VCT plc

5 February 2015

Interim Management Statement for the quarter ended 31 December 2014

Highlights

Ordinary Share Class

   --      Net Asset Value has increased from 51.38p to 51.76p per share during the period. 

-- At the date of this report the total paid by way of dividends to shareholders is 40.78p per share, bringing the total return to 92.54p per share.

B Share Class

   --      Net Asset Value has increased from 35.79p to 35.95p per share during the period. 

-- At the date of this report the total paid by way of dividends to shareholders is 53.90p per share, bringing the total return to 89.85p per share.

Portfolio

   --      96% of the Company's portfolio is invested in qualifying investments 
   --      The pie chart below shows the unquoted qualifying investment portfolio by sector: 
 
                                                      Electricity Generation 
                                                                                Total Unquoted 
                                                                   Anaerobic      Qualifying 
 Industry Sector               Cinema Digitisation    Solar PV     Digestion      Investments 
----------------------------  --------------------  -----------  ------------  --------------- 
                                           GBP'000      GBP'000       GBP'000          GBP'000 
----------------------------  --------------------                             --------------- 
 Investments at 31 March 
  2014                                       6,691        7,469         3,079           17,239 
----------------------------  --------------------                             --------------- 
 Investments revaluations 
  during the period                             44            -           (1)               43 
----------------------------  --------------------  -----------  ------------  --------------- 
 Investments disposed of 
  during the period                        (6,735)            -           (3)          (6,738) 
----------------------------  --------------------  -----------  ------------  --------------- 
 Investments at 31 December 
  2014                                           0        7,469         3,075           10,544 
----------------------------  --------------------  -----------  ------------  --------------- 
 Unquoted Investments %                      0.00%       70.84%        29.16%          100.00% 
----------------------------  --------------------  -----------  ------------  --------------- 
 

-- The Directors are working closely with Triple Point to fulfill the Company's target of returning funds to shareholders within the next six months.

Net Assets at 31 December 2014:

 
                           31 December 2014                30 September 2014                 31 March 2014 
                               Unaudited                       Unaudited                        Audited 
------------------  ------------------------------  ------------------------------  ------------------------------ 
                     Ordinary                        Ordinary                        Ordinary 
                      Shares    B Shares    Total     Shares    B Shares    Total     Shares    B Shares    Total 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
                     GBP'000    GBP'000    GBP'000   GBP'000    GBP'000    GBP'000   GBP'000    GBP'000    GBP'000 
 VCT qualifying 
  unquoted 
  investments           9,384      1,160    10,544      9,615      1,188    10,803     15,340      1,895    17,235 
 VCT non 
  qualifying 
  unquoted 
  investments               -          -         -          -          -         -          3          1         4 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
                        9,384      1,160    10,544      9,615      1,188    10,803     15,343      1,896    17,239 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 Cash and cash 
  equivalents             407         89       496        119         61       180        101        646       747 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 Total investments      9,791      1,249    11,040      9,734      1,249    10,983     15,444      2,542    17,986 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 Other assets 
  & liabilities          (78)        (9)      (87)       (92)       (15)     (107)         36        565       601 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 Net assets             9,713      1,240    10,953      9,642      1,234    10,876     15,480      3,107    18,587 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 Net asset 
  value per 
  share                51.76p     35.95p       n/a     51.38p     35.79p       n/a     82.50p     90.07p       n/a 
------------------  ---------  ---------  --------  ---------  ---------  --------  ---------  ---------  -------- 
 

For further information, please contact Claire Ainsworth or Belinda Thomas 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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