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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kings Arms Yard Vct Plc | LSE:KAY | London | Ordinary Share | GB0007174294 | 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% | 19.40 | 18.90 | 19.90 | 19.40 | 19.40 | 19.40 | 2,500 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 3.32M | 726k | 0.0014 | 138.57 | 100.91M |
TIDMKAY Kings Arms Yard VCT PLC Interim Management Statement LEI Code 213800DK8H27QY3J5R45 Introduction I am pleased to present Kings Arms Yard VCT PLC (the "Company")'s interim management statement for the period from 1 January 2019 to 31 March 2019. Performance and dividends The Company's unaudited net asset value (NAV) as at 31 March 2019 was GBP70.76 million or 23.38 pence per share (excluding treasury shares), an increase of 0.60 pence per share (2.6 per cent.) since 31 December 2018. After accounting for the dividend paid of 0.60 pence per share on 30 April 2019 to shareholders on the register on 5 April 2019, the NAV is 22.78 pence per share. Share buy-backs During the period from 1 January 2019 to 31 March 2019, the Company purchased 897,000 shares for GBP191,000 at an average price of 21.21 pence per share. All of the shares are to be held in treasury. 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 per cent. discount to net asset value, so far as market conditions and liquidity permit. Portfolio The following investments have been made during the period from 1 January 2019 to 31 March 2019: New investments GBP000s Activity ------------ ------- -------------------------------------------------------- Avora Developer of software to improve decision making through Limited 510 augmented analytics & machine learning ------------ ------- -------------------------------------------------------- Total new investments 510 ------------ ------- Follow on investments GBP000s Activity ---------------------------- ------- --------------------------------------- Elateral Group Limited 125 Provider of digital marketing software ---------------------------- ------- --------------------------------------- Beddlestead Limited 104 Wedding venue operator ---------------------------- ------- --------------------------------------- Convertr Media Limited 45 Digital lead generation software ---------------------------- ------- --------------------------------------- Developer of medical imaging software Mirada Medical Limited 13 using Deep Learning ---------------------------- ------- --------------------------------------- Total follow on investments 287 ---------------------------- ------- Top ten holdings as at 31 March 2019: Portfolio Carrying value % of Activity company GBP000s net asset value ------------ -------------- ----- -------------------------------------------------------- Active Lives 7,621 10.8 Owner and operator of a 75 bed care home in Cumnor Care Hill, Oxfordshire Limited ------------ -------------- ----- -------------------------------------------------------- Ryefield 5,439 7.7 Owner and operator of a 60 bed care home in Hillingdon, Court Care Middlesex Limited ------------ -------------- ----- -------------------------------------------------------- Proveca 4,677 6.6 Reformulation of medicines for paediatric use Limited ------------ -------------- ----- -------------------------------------------------------- Egress 4,545 6.4 Encrypted email & file transfer service provider Software Technologies Limited ------------ -------------- ----- -------------------------------------------------------- Chonais 3,376 4.8 Owner and operator of a 2 MW hydro-power scheme in River Hydro the Scottish Highlands Limited ------------ -------------- ----- -------------------------------------------------------- Antenova 2,731 3.9 Supplier of integrated antennas and RF solutions Limited ------------ -------------- ----- -------------------------------------------------------- Perpetuum 2,268 3.2 Provider of vibration harvester powered wireless sensing Limited systems for the rail and industrial sectors ------------ -------------- ----- -------------------------------------------------------- The Street 1,828 2.6 Owns and operates photovoltaic systems on domestic by Street properties in the UK Solar Programme Limited ------------ -------------- ----- -------------------------------------------------------- Quantexa 1,816 2.6 Network analytics platform to detect financial crime Limited ------------ -------------- ----- -------------------------------------------------------- Anthropics 1,677 2.4 Provider of digital image enhancement software Technology Limited ------------ -------------- ----- -------------------------------------------------------- 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=3uuk2TAiaUNxbtdCp-dFiZchaOJY12goi2taBuk9wsE8OBMSXJTCyDn3wSwQfvKmpSLwoaDK10x5Q5q1dacaYwA_0BMSSVTq3hFweW0NslFifujOpbX5u0zr7AYPTabd www.albion.capital/funds/KAY, by following the 'Portfolio of Investments' link under the 'Fund reports' section. Material events and transactions after the period end Portfolio After the period end, the Company undertook the following investment transactions: -- Disposal of the remaining shares in ErgoMed Plc for GBP1.2 million; -- Disposal of Earnside Energy for GBP950,000; -- Investment of GBP955,000 in an existing portfolio company, Proveca, which develops drugs specifically formulated for children; -- Investment of GBP262,000 in an existing portfolio company, Perpetuum, which provides vibration harvester powered wireless sensing systems for the rail and industrial sectors; -- Investment of GBP260,000 in a new portfolio company, Limitless Technology, which provides a customer service platform powered by crowd and machine learning technology; -- Investment of GBP180,000 in an existing portfolio company, OmPrompt Holdings, which provides process automation software; -- Investment of GBP145,000 in an existing portfolio company, Symetrica, a designer and manufacturer of radiation detection equipment; -- Investment of GBP125,000 in an existing portfolio company, Elateral Group, which provides digital marketing software; -- Investment of GBP91,000 in a new portfolio company, Imandra, which provides automated software testing and an enhanced learning experience for artificial neural networks; and -- Investment of GBP27,000 in an existing portfolio company, Aridhia Informatics, a healthcare informatics and analysis provider. Albion VCTs prospectus Top Up Offers 2018/19 The Board was delighted to announce on 5 April 2019 that the Offer pursuant to the Prospectus dated 7 January 2019 had closed having reached its GBP8 million limit. The proceeds of the Offer will be used to provide further resources at a time when a number of attractive investment opportunities are being seen. The following new Ordinary shares of nominal value 1 penny per share were allotted under the Albion VCTs prospectus Top Up Offers 2018/19 after 31 March 2019: Aggregate Number of nominal value Issue price per Date of shares of shares share (including Net proceeds allotment issued GBP'000 costs of issue) GBP'000 --------------- ------------- ------------- ---------------- ------------- 1 April 2019 26,943,087 269 23.2 to 23.4 6,149 --------------- ------------- ------------- ---------------- ------------- 5 April 2019 5,377,583 54 23.4 1,227 --------------- ------------- ------------- ---------------- ------------- 12 April 2019 1,923,552 19 22.6 to 22.8 428 --------------- ------------- ------------- ---------------- ------------- Total 34,244,222 342 7,804 --------------- ------------- ------------- ---------------- ------------- There have been no further significant events or transactions that the Board is aware of which would have a material impact on the financial position of the Company between 1 April 2019 to 21 May 2019. 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=3uuk2TAiaUNxbtdCp-dFiZchaOJY12goi2taBuk9wsETEXUtIcW3b56zrEDdKGpbQtIaG7jjbuZi0LaB1IqjFNVn1wtU1UUq1SUgjQXvl1fDABcE9BvBewY30c-AB0Nh www.albion.capital/funds/KAY. 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 under https://www.globenewswire.com/Tracker?data=3uuk2TAiaUNxbtdCp-dFiZchaOJY12goi2taBuk9wsEwSfOv4UpUTOcp4mtOPv7NNooUmwAq8AVDFXB3DlmLgnr5Hi-BNZ6rQ19MXKHK9AcApNAKEPJ3qpTsJ006wyLl www.albion.capital/funds/KAY. Robin Field, Chairman 21 May 2019 For further information please contact: Albion Capital Group LLP -- Tel: 020 7601 1850
(END) Dow Jones Newswires
May 21, 2019 05:43 ET (09:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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