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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Albion Enterprise Vct Plc | LSE:AAEV | London | Ordinary Share | GB00B1G3LR35 | 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% | 119.50 | 118.00 | 121.00 | 119.50 | 119.50 | 119.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 5.74M | 2.77M | 0.0274 | 43.61 | 120.55M |
TIDMAAEV
ALBION ENTERPRISE VCT PLC
LEI Code: 213800OVSRDHRJBMO720
Interim Management Statement
Introduction
I present Albion Enterprise VCT PLC (the "Company")'s interim management statement for the period from 1 April 2022 to 30 June 2022.
Performance and dividends
The Company's unaudited net asset value (NAV) on 30 June 2022 was GBP117.39 million or 130.20 pence per share (excluding treasury shares), a decrease of 2.08 pence per share (1.6%) since 31 March 2022.
After accounting for the first interim dividend for the year ending 31 March 2023 of 3.31 pence per share to be paid on 31 August 2022 to shareholders on the register on 5 August 2022, the NAV is 126.89 pence per share.
Fundraising and share issues
During the period from 1 April 2022 to 30 June 2022, the Company issued the following new Ordinary shares of nominal value 1 penny per share under the Albion VCTs Prospectus Top Up Offers 2021/22:
Issue price per share Number of shares (including costs of Net proceeds Date issued issue) GBP'000 -------------- ---------------- --------------------- ------------ 11 April 2022 644,529 131.7p -- 133.0p 836 -------------- ---------------- --------------------- ------------
Portfolio
The following investments have been made during the period from 1 April 2022 to 30 June 2022:
New investments GBP000s Activity ------------------ ------- ------------------------------------------------- Provides insights and analytics to pharmaceutical PeakData 862 companies about therapeutic areas. ------------------ ------- ------------------------------------------------- Provider of an autonomous debt resolution Ophelos 526 platform. ------------------ ------- ------------------------------------------------- Total new investments 1,388 ------------------ ------- ------------------------------------------------- Further investments GBP000s Activity ------------------- ------- ------------------------------------------------------ Gravitee Topco (t/a Gravitee.io) 668 Provider of an API management platform. ------------------- ------- ------------------------------------------------------ Provider of low footprint automated speech recognition Cantab Research which can be deployed in the cloud, on premise or (t/a Speechmatics) 265 on device across over 31 languages. ------------------- ------- ------------------------------------------------------ Provides data extraction and analytics technology Accelex Technology 252 for private capital markets. ------------------- ------- ------------------------------------------------------ A software provider bringing real-time behavioural data analytics to the marine and transport insurance Concirrus 75 industries. ------------------- ------- ------------------------------------------------------ Total further investments 1,260 ------------------- ------- ------------------------------------------------------
Top ten holdings (on 30 June 2022)
% of net Carrying value asset Investment GBP000s value Activity ------------------- -------------- ----- ------------------------------------------------------------ Quantexa 14,530 12.4% Network analytics platform to detect financial crime. ------------------- -------------- ----- ------------------------------------------------------------ Egress Software Technologies 12,121 10.3% Encrypted email & file transfer service provider. ------------------- -------------- ----- ------------------------------------------------------------ Proveca 6,100 5.2% Reformulation of medicines for paediatrics. ------------------- -------------- ----- ------------------------------------------------------------ A technology enabled service business in medical nutritional Oviva 4,912 4.2% therapy (MNT). ------------------- -------------- ----- ------------------------------------------------------------ Radnor House School (TopCo) 3,400 2.9% Independent school for children aged 2-18. ------------------- -------------- ----- ------------------------------------------------------------ Operator and developer of women's health centres focusing The Evewell Group 2,866 2.4% on fertility. ------------------- -------------- ----- ------------------------------------------------------------ Provider of low footprint automated speech recognition Cantab Research which can be deployed in the cloud, on premise or (t/a Speechmatics) 2,165 1.8% on device across over 31 languages. ------------------- -------------- ----- ------------------------------------------------------------ Black Swan Data 2,107 1.8% Predictive analytics for consumer brands. ------------------- -------------- ----- ------------------------------------------------------------ Regenerco Renewable Generator of renewable energy from roof top solar Energy 2,056 1.8% installations. ------------------- -------------- ----- ------------------------------------------------------------ Gravitee TopCo (t/a Gravitee.io) 1,798 1.5% API management platform. ------------------- -------------- ----- ------------------------------------------------------------
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=yYOCGgBvQgWRz3TPj6B1SK5ymi6DpK4-suJopnqnPWkeU5mVi-PRr6WdvCBlv8wKMbn3ZbfWTB0zNk1VddbpuE1GAp5nMdvdwSs5gdygM5oL5L7CJskT62h0gK9iim-W www.albion.capital/funds/AAEV.
Share buy-backs
During the period from 1 April 2022 to 30 June 2022, 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
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
The Company continues to offer a dividend reinvestment scheme to existing shareholders. Details of this Scheme can be found at https://www.globenewswire.com/Tracker?data=yYOCGgBvQgWRz3TPj6B1SK5ymi6DpK4-suJopnqnPWkCVps78Ula4IPQ3HYXeh-rwBJDTrm1n2VgaspRGlHCwv1Jh8wKvJ1OpsR10py38Ud9--OPvtp0UaTcqFqtEzIe www.albion.capital/funds/AAEV.
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=yYOCGgBvQgWRz3TPj6B1SK5ymi6DpK4-suJopnqnPWkWbQSjUPMXJSf6POiQTKIgerdhcqlcdNRFdr2jK3gg8rb3DxeKeT1FO7vE9YL1Xvm9CD4SYLvYGTv9JkBUM9YW www.albion.capital/funds/AAEV.
Maxwell Packe, Chairman
30 August 2022
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
August 30, 2022 06:41 ET (10:41 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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