We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Albion Technology & General Vct Plc | LSE:AATG | London | Ordinary Share | GB0005581672 | 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% | 69.00 | 67.50 | 70.50 | 69.00 | 69.00 | 69.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | -2.85M | -6.3M | -0.0354 | -19.49 | 122.68M |
TIDMAATG
Albion Technology & General VCT PLC
Interim Management Statement
LEI code: 213800TKJUY376H3KN16
Introduction
I present Albion Technology & General VCT PLC's (the "Company")'s interim management statement for the period from 1 January 2022 to 31 March 2022.
Performance and dividends
The Company's unaudited net asset value (NAV) as at 31 March 2022 was GBP131.89 million or 82.05 pence per share (excluding treasury shares), an increase of 1.40 pence per share or 1.74 per cent. since 31 December 2021.
Fundraising and share issuances
During the period from 1 January 2022 to 31 March 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 ----------------- ---------------------- --------------------- ------------ 25 February 2022 13,924,598 81.90p - 82.80p 11,241 ----------------- ---------------------- --------------------- ------------ 31 March 2022 14,154,989 82.80p 11,428 ----------------- ---------------------- --------------------- ------------ Total 28,079,587 22,669 ----------------- ---------------------- --------------------- ------------
On 29 March 2022, the Company announced that applications under the Prospectus offer had reached its GBP24 million gross limit and was therefore fully subscribed and closed to further applications.
Portfolio
The following investments have been made during the period from 1 January 2022 to 31 March 2022:
New investments GBP'000 Activity ----------------- ------- -------------------------------------------------- PerchPeek Limited 546 Digital relocation platform ----------------- ------- -------------------------------------------------- Regulatory Genome Development Provider of machine readable structured regulatory Limited 107 content ----------------- ------- -------------------------------------------------- Total new investments 653 ----------------- ------- -------------------------------------------------- Further investments GBP'000 Activity ------------------- ------- -------------------------------------------------------- Black Swan Data Limited 953 Predictive analytics for consumer brands ------------------- ------- -------------------------------------------------------- A provider of a connectivity solution, connecting financial institutions with trading venues via a single TransFICC Limited 878 API ------------------- ------- -------------------------------------------------------- Cantab Research Provider of low footprint automated speech recognition Limited (T/A which can be deployed in the cloud, on premise or Speechmatics) 849 on device across over 31 languages ------------------- ------- -------------------------------------------------------- Seldon Technologies Software company that enables enterprises to deploy Limited 411 Machine Learning models in production ------------------- ------- -------------------------------------------------------- Locum's Nest Provides a technology solution for the management Limited 138 of locum doctors for the NHS ------------------- ------- -------------------------------------------------------- NuvoAir Holdings Digital therapeutics and decentralised clinical trials Inc 121 for respiratory conditions ------------------- ------- -------------------------------------------------------- Koru Kids Limited 85 Online marketplace connecting parents and nannies ------------------- ------- -------------------------------------------------------- Total further investments 3,435 ------------------- ------- --------------------------------------------------------
The following disposals were made during the period from 1 January 2022 to 31 March 2022:
Portfolio Proceeds Company GBP'000 ---------------- -------- -------------------------------------------------- Credit Kudos Disposal of investment on a cost of GBP1.0 million Limited 5,065 realising a gain of GBP4.1 million on cost ---------------- -------- -------------------------------------------------- Disposal of investment on a cost of GBP0.7 million Phrasee Limited 2,195 realising a gain of GBP1.5 million on cost ---------------- -------- -------------------------------------------------- MyMeds&Me Disposal of investment on a cost of GBP0.4 million Limited 1,476 realising a gain of GBP1.0 million on cost ---------------- -------- -------------------------------------------------- Total proceeds 8,736 ---------------- --------
Top ten holdings as at 31 March 2022:
% of net Carrying value asset Investment GBP'000 value Activity ------------------- -------------- ----- ------------------------------------------------------------ Quantexa Limited 16,933 12.8 Network analytics platform to detect financial crime ------------------- -------------- ----- ------------------------------------------------------------ A technology enabled service business in medical nutritional Oviva AG 5,548 4.2 therapy (MNT) ------------------- -------------- ----- ------------------------------------------------------------ Radnor House School (TopCo) Limited 5,354 4.1 Independent school for children aged 2-18 ------------------- -------------- ----- ------------------------------------------------------------ Proveca Limited 4,727 3.6 Reformulation of medicines for children ------------------- -------------- ----- ------------------------------------------------------------ Chonais River Hydro Owner and operator of a 2 MW hydro-power scheme in Limited 4,147 3.1 the Scottish Highlands ------------------- -------------- ----- ------------------------------------------------------------ Black Swan Data Limited 3,845 2.9 Predictive analytics for consumer brands ------------------- -------------- ----- ------------------------------------------------------------ Cantab Research 3,668 2.8 Provider of low footprint automated speech recognition Limited (T/A which can be deployed in the cloud, on premise or Speechmatics) on device across over 31 languages ------------------- -------------- ----- ------------------------------------------------------------ The Evewell Group 3,087 2.3 Operator and developer of women's health centres focusing Limited on fertility ------------------- -------------- ----- ------------------------------------------------------------ Egress Software 3,024 2.3 Encrypted email & file transfer service provider Technologies Limited ------------------- -------------- ----- ------------------------------------------------------------ Oxsensis Limited 2,982 2.3 A developer and producer of industrial sensors for use in ultra-high temperature environments ------------------- -------------- ----- ------------------------------------------------------------
Share buy-backs
During the period from 1 January 2022 to 31 March 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
After the period end, the Company had the following material investment transaction:
-- Investment of GBP566,000 in an existing portfolio company, Cantab Research Limited (T/A Speechmatics), (business activity as described above); and -- Investment of GBP492,000 in a new portfolio company which uses machine learning to create a new standard for how organisations manage customer debt - ethically and technologically.
The following new Ordinary shares of nominal value 1 penny each were allotted under the Albion VCTs Prospectus Top Up Offers 2021/22 to shareholders who elected for the 2022/23 tax year:
Issue price per share (including costs of Net proceeds Date Number of shares issued issue) GBP'000 -------------- ----------------------- ----------------------- ------------ 11 April 2022 922,386 81.90p - 82.80p 745 -------------- ----------------------- ----------------------- ------------
There have been no other material events or transactions after the period end 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 www.albion.capital/funds/AATG.
Robin Archibald, Chairman
26 May 2022
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
May 26, 2022 08:47 ET (12:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Albion Technology & Gene... Chart |
1 Month Albion Technology & Gene... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions