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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Octopus 3 | LSE:OCV3 | London | Ordinary Share | GB00B4KQKM77 | 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% | 2.40 | 0.90 | 3.90 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Octopus VCT 3 plc
Interim Results
Unaudited Interim Report for the Period Ended 31 May 2018
21 June 2018
Octopus VCT 3 plc, managed by Octopus Investments Limited, today
announces its interim results for the period ended 31 May 2018.
Financial Summary
Year to
Period ended 31 May 2018 28 February 2018
Net assets (GBP'000s) 7,342 7,558
Net return on ordinary activities
after tax (GBP'000s) (216) 1,366
Net asset value per share ("NAV") 89.0p 91.7p
Cumulative dividends paid since 20.0p 20.0p
launch
NAV plus cumulative dividends 109.0p 111.7p
paid
Income Statement
Unaudited Audited
Period ended 31 May 2018 Year to 28 February 2018
Revenue Capital Total Revenue Capital Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
(Loss)/gain on valuation of
fixed asset investments - (227) (227) - 1,377 1,377
Investment income 35 - 35 478 - 478
Investment management fees 5 15 20 (18) (54) (72)
Other expenses (42) - (42) (306) (111) (417)
Net Return on ordinary
activities before tax (2) (212) (214) 154 1,212 1,366
Taxation (2) - (2) - - -
Net Return on ordinary
activities after tax (4) (212) (216) 154 1,212 1,366
Earnings per share - basic
and diluted (0.1)p (2.5)p (2.6)p 1.9p 14.7p 16.6p
-- The 'Total' column of this statement is the profit and loss account of
the Company; the revenue return and capital return columns have been
prepared under guidance published by the Association of Investment
Companies.
-- All revenue and capital items in the above statement derive from
continuing operations.
-- The Company has only one class of business and derives its income from
investments made in shares and securities.
-- The company has no other comprehensive income for the period.
Balance Sheet
Unaudited Audited
Period ended 31 May 2018 Year to 28 February 2018
GBP'000 GBP'000 GBP'000 GBP'000
Current assets:
Current asset
investments 6 7,554
Debtors 7 195
Cash at bank 7,617 78
7,624 273
Creditors: amounts
falling due
within one year (288) (269)
Net current assets 7,366 4
Net assets 7,342 7,558
Called up equity
share capital 82 82
Share Premium 99 99
Special
Distributable
Reserve 6,490 6,490
Capital Redemption
Reserve 2 2
Capital Reserve -
Realised 671 (210)
Capital Reserve -
Unrealised 2 1,095
Revenue Reserve (4) -
Total equity
shareholders'
funds 7,342 7,558
Net asset value 89.0p 91.7p
per share
The statements were approved by the Directors and authorised for issue
on 21 June 2018 and are signed on their behalf by:
Gregor Michie
Chairman
Company Number: 07744056
Statement of Changes in Equity
Special Capital
Share Share distributable Capital redemption reserve Revenue
Capital Premium reserves reserve realised Capital reserve unrealised reserve Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
As at 1 September 2016 82 99 6,749 2 (156) (171) - 6,605
Management fee allocated as capital expenditure - - - - (54) - - (54)
Current period gain on fair value of investments - - - - - 1,377 - 1,377
Capitalised expenses on sale - - - - - (111) - (111)
Profit on ordinary activities after tax - - - - - - 154 154
Contributions by and distributions to owners
Dividends paid - - (259) - - - (154) (413)
Balance as at 28 February 2018 82 99 6,490 2 (210) 1,095 - 7,558
As at 1 March 2018 82 99 6,490 2 (210) 1,095 - 7,558
Management fee allocated as capital expenditure - - - - 15 - - 15
(227)
Current period losses on fair value of investments - - - - - (227) -
Prior years' holding gains/losses now realised 866 (866) -
Loss on ordinary activities after tax - - - - - - (4) (4)
Contributions by and distributions to owners
Dividends paid - - - - - - - -
Balance as at 31 May 2018 82 99 6,490 2 671 2 (4) 7,342
Cash Flow Statement
Unaudited
Period ended 31 May 2018 Audited Year to 28 February 2018
GBP'000 GBP'000
Cash flows
from
operating
activities
Return on
ordinary
activities
before tax (216) 1,366
Adjustments
for:
Decrease in
debtors 188 20
Increase in
creditors 19 178
Loss/(gain)
on valuation
of fixed
asset
investments 227 (1,377)
Cash from
operations 218 187
Income tax
paid - (11)
Net cash
generated
from
operating
activities 218 176
Cash flows
from
investing
activities
Purchase of
fixed asset
investments - (4)
Receipt of
loan note
principal 7,321 294
Total cash
flows from
investing
activities 7,321 290
Cash flows
from
financing
activities
Dividends
paid - (413)
Total cash
flows from
financing
activities - (413)
Increase in
cash and
cash
equivalents 7,539 53
Opening cash
and cash
equivalents 78 25
Closing cash
and cash
equivalents 7,617 78
Cash and cash
equivalents
comprise
Cash at bank 7,617 78
7,617 78
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information contained therein. Source: Octopus VCT 3 plc via Globenewswire
(END) Dow Jones Newswires
June 21, 2018 09:44 ET (13:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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