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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Albion Development Vct Plc | LSE:AADV | London | Ordinary Share | GB0004832472 | 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% | 87.00 | 85.50 | 88.50 | 87.00 | 87.00 | 87.00 | 18,841 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 558k | -2.25M | -0.0166 | -52.41 | 117.98M |
TIDMAADV ALBION DEVELOPMENT VCT PLC LEI Code 213800FDDMBD9QLHLB38 Interim Management Statement Introduction I am pleased to present Albion Development VCT PLC (the "Company")'s interim management statement for the period from 1 January 2021 to 31 March 2021. Performance and dividends The Company's unaudited net asset value (NAV) on 31 March 2021 was GBP86.88 million or 84.07 pence per share (excluding treasury shares), an increase of 1.65 pence per share (2.0%) since 31 December 2020. After accounting for the dividend of 2.06 pence per share to be paid on 28 May 2021 to shareholders on the register on 7 May 2021, the NAV is 82.01 pence per share. Fundraising and share issues During the period from 1 January 2021 to 31 March 2021, the Company issued the following new Ordinary shares of nominal value 1 penny per share under the Albion VCTs Prospectus Top Up Offers 2020/21: Issue price per share Number of shares (including costs of Net proceeds Date issued issue) GBP'000 ----------------- ---------------------- --------------------- ------------ 26 February 2021 11,313,942 83.3p -- 84.2p 9,288 ----------------- ---------------------- --------------------- ------------ Portfolio The following investments have been made during the period from 1 January 2021 to 31 March 2021: New investments GBP000s Activity ---------------- ------- --------------------------------------------------------- Provider of data lineage software to enterprise customers Threadneedle in regulated sectors, which allows them to rapidly Software Limited discover, visualise, catalogue and understand how (T/A Solidatus) 1,209 data flows through their systems ---------------- ------- --------------------------------------------------------- Total new investments 1,209 ---------------- ------- --------------------------------------------------------- Further investments GBP000s Activity --------------- ------- --------------------------------------------------------- Black Swan Data Limited 603 Predictive analytics for consumer brands --------------- ------- --------------------------------------------------------- Provider of an online platform delivering family centric Healios Limited 577 psychological care primarily to children and adolescents --------------- ------- --------------------------------------------------------- ePatient Limited (T/A Online community connecting people affected by rare Raremark) 54 diseases --------------- ------- --------------------------------------------------------- Total further investments 1,234 --------------- ------- --------------------------------------------------------- Disposals The following disposals were made during the period from 1 January 2021 to 31 March 2021: Portfolio Company GBP000s ----------- ------- -------------------------------------------------------- OmPrompt Holdings Disposal of investment on a cost of GBP1.0 million Limited 2,276 realising a gain of GBP1.3 million on cost ----------- ------- -------------------------------------------------------- SBD Automotive Disposal of investment on a cost of GBP220,000 realising Limited 458 a gain of GBP238,000 on cost ----------- ------- -------------------------------------------------------- Total proceeds 2,734 ----------- ------- Top ten holdings (on 31 March 2021) % of net Carrying value asset Investment GBP000s value Activity ---------------- -------------- ----- ------------------------------------------------------ Egress Software Technologies Limited 7,593 8.7% Encrypted email & file transfer service provider ---------------- -------------- ----- ------------------------------------------------------ Quantexa Limited 7,026 8.1% Network analytics platform to detect financial crime ---------------- -------------- ----- ------------------------------------------------------ UK based pharma company specialising in medicines Proveca Limited 6,866 7.9% for children. ---------------- -------------- ----- ------------------------------------------------------ Radnor House School (TopCo) Limited 2,689 3.1% Independent school for children aged 2-18 ---------------- -------------- ----- ------------------------------------------------------ Chonais River Owner and operator of a 2 MW hydro-power scheme in Hydro Limited 2,313 2.7% the Scottish Highlands ---------------- -------------- ----- ------------------------------------------------------ The Street by Street Solar Programme Owner and operator of photovoltaic systems on domestic Limited 2,256 2.6% properties in the UK ---------------- -------------- ----- ------------------------------------------------------ The Evewell (Harley Street) Operator of a women's health centre focusing on Limited 2,073 2.4% fertility ---------------- -------------- ----- ------------------------------------------------------ Regenerco Renewable Energy Generator of renewable energy from roof top solar Limited 1,942 2.2% installations ---------------- -------------- ----- ------------------------------------------------------ AI platform that generates optimised marketing Phrasee Limited 1,853 2.1% campaigns ---------------- -------------- ----- ------------------------------------------------------ Black Swan Data Limited 1,799 2.1% Predictive analytics for consumer brands ---------------- -------------- ----- ------------------------------------------------------ A full breakdown of the Company's portfolio can be found on the Company's webpage on the Manager's website at https://www.globenewswire.com/Tracker?data=dGUwL1BPGmK2ul3yuUASpBnWOxMlIeRQttGQqAODPLvjteEuH4T-uGnr-MfZHCwhM_OW8VlDIduyX5hsLhpkIsVZit5W-cNoi9oTpCEbTn8qpSB0fVhpULFN_UdX6Ove www.albion.capital/funds/AADV. Share buy-backs During the period from 1 January 2021 to 31 March 2021, the Company did not buy back any shares. 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. It is the Board's intention for such buy-backs to be at around a 5% discount to net asset value, so far as market conditions and liquidity permit. Material events and transactions after the period end After the period end, the Company had the following material investment transactions: -- Investment of GBP492,000 in a new portfolio company, an open sources API management platform that enables enterprises to manage their APIs through their lifecycle (from design to publishing to controlling access and security); and -- Investment of GBP370,000 in an existing portfolio company, Panaseer Limited, a provider of cyber security services. Other than as described above, there have been no material events or transactions during the quarter and to the date of this announcement. Further information Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company's webpage on the Manager's website at https://www.globenewswire.com/Tracker?data=dGUwL1BPGmK2ul3yuUASpBnWOxMlIeRQttGQqAODPLtWmsDLEum4eKa2F8VdL0sn39IRxHlwCqStLRRQ4FxiM7JeaXX3mw0Rx1FP-mvfqvrOPGpy6WQ72gIZOg3okWBl www.albion.capital/funds/AADV. Ben Larkin, Chairman 12 May 2021 For further information please contact: Vikash Hansrani Operations Partner Albion Capital Group LLP Telephone: 020 7601 1850
(END) Dow Jones Newswires
May 12, 2021 06:29 ET (10:29 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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