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Name | Symbol | Market | Type |
---|---|---|---|
Citi Fun 32 | LSE:TP10 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
TIDMTP10
RNS Number : 0506H
TP10 VCT Plc
05 July 2012
TP10 VCT plc
5 July 2012
Interim Management Statement for the quarter ended 31 May 2012
TP10 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 31 May 2012. This constitutes the Company's first Interim Management Statement for the financial year ending 28 February 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets at 31 May 2012 comprised:
31 May 2012 29 February 2012 31 August 2011 Unaudited Audited Unaudited GBP'000 % GBP'000 % GBP'000 % VCT qualifying investments 22,888 83.0 17,863 64.8 8,500 30.7 Non VCT qualifying investments 4,100 14.9 1,965 7.1 - - Money Market Funds - - 295 1.1 17,716 63.9 Net current assets (including cash and cash equivalents) 577 2.1 7,450 27.0 1,506 5.4 27,565 100.0 27,573 100.0 27,722 100.0 -------- ------ ---------- ------- --------- ------ Net asset value per share 91.34p 91.37p 91.86p
Investment Activity
The Board is pleased to note that during the three month period the Company has made net VCT qualifying investments totaling GBP5 million, bringing the total invested in qualifying investments to 83% of net assets. This means that the Company has satisfied the requirement of being 70% invested in qualifying investments a year ahead of its target date. Now that the portfolio is in place, the focus is on portfolio management. The Board therefore believes that the Company is well placed to deliver returns to shareholders over the longer term and expects that this will result in the net asset value per share increasing from now on.
The investment portfolio can be analysed as follows:
Electricity Generation Hydro Project Solar Anaerobic Landfill Total Qualifying Industry Sector Cinema Digitisation Management PV Digestion Gas Investments ----------------- -------------------- -------------- ------- ----------- --------- ----------------- Qualifying Investments GBP'000 6,900 813 11,200 2,975 1,000 22,888 ----------------- -------------------- -------------- ------- ----------- --------- ----------------- Qualifying Investments % 30.15% 3.55% 48.93% 13.00% 4.37% 100.00% ----------------- -------------------- -------------- ------- ----------- --------- ----------------- Number of Companies 6 1 13 3 2 25 ----------------- -------------------- -------------- ------- ----------- --------- -----------------
Material Events and Transactions
During the period no shares were issued and no shares were purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or Chris Tottle at Triple Point Investment Management LLP on 020 7201 8989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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