Triple Point Income VCT PLC Net Asset Value(s) (1396T)

TIDMTPVE TIDMTTM TIDMTTM

RNS Number : 1396T

Triple Point Income VCT PLC

16 March 2023

16 March 2023

Triple Point Income VCT plc

(the " Company ")

NET ASSET VALUES FOR THE QUARTER ENDED 31 December 2022

The Company

The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted non-qualifying investments.

During the quarter the C and D shareholders fully exited and their shares were cancelled. The Company now has one share class, the E share class.

E Share Class

   --      The net asset value ("NAV") at 31 Dec 2022 was 69.63p per share. 

-- At 31 Dec 2022 the total shareholder return for the E Share Class was 114.13p per share, which included the NAV and dividends paid of 44.50p.

   --      The earnings per share for the nine months ended 31 Dec 2022 was 4.88p per share. 

-- During the quarter the Company completed on the sale of its gas fired energy holding in the E share class for total consideration of GBP2,634k. These proceeds were used to pay dividends of 4.76p per share in October and 7.24p per share in November 2022.

   --      The table below shows the E Share Class investment portfolio by sector on 31 Dec 2022: 
 
 Vertical Growing                  36% 
 Hydroelectric Power                3% 
 SME Funding - Vertical Growing    25% 
 Solar                             36% 
                                  ---- 
 

Net Assets at 31 December 2022:

 
 
                                        Company (E Shares) 
                                       ------------------- 
                                                   GBP'000 
 VCT qualifying unquoted investments                14,051 
 VCT non-qualifying unquoted 
  investments                                       4,694* 
 VCT non-qualifying quoted 
  investments                                            - 
                                                    18,745 
 
 Cash and cash equivalents                             725 
 Total Investments                                  19,470 
 Other assets & liabilities                            681 
 Net assets                                         20,151 
                                       ------------------- 
 Net asset value per share 
  (p)                                               69.63p 
                                       ------------------- 
 

Net Assets at 30 September 2022:

 
 
                                        E Shares 
                                       --------- 
                                         GBP'000 
 VCT qualifying unquoted investments      16,806 
 VCT non-qualifying unquoted 
  investments                             4,694* 
 VCT non-qualifying quoted 
  investments                                  - 
                                          21,500 
 
 Cash and cash equivalents                 1,593 
 Total Investments                        23,093 
 Other assets & liabilities                  502 
 Net assets                               23,595 
                                       --------- 
 Net asset value per share 
  (p)                                     81.53p 
                                       --------- 
 

* The Company continues to be qualifying due to the 12-month disregard period which applies to qualifying investments that have been sold.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management    Tel: [phone] 
  LLP 
  (Investment Manager) 
 
   Jonathan Parr 
   Belinda Thomas 
   Henry Sumner 
 

The Company's LEI is 213800IXD8S5WY88L245

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/ .

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March 16, 2023 03:00 ET (07:00 GMT)