Albion Venture Capital Trust PLC: Interim Management Statement
27 Febbraio 2024 - 1:59PM
UK Regulatory
Albion Venture Capital Trust PLC: Interim Management Statement
ALBION VENTURE CAPITAL TRUST
PLC
LEI Code: 213800JKELS32V2OK421
Interim Management Statement
Introduction
The Board present Albion Venture Capital Trust PLC (the
“Company”)’s interim management statement for the period from 1
October 2023 to 31 December 2023.
Performance and dividends
The Company's unaudited net asset value (“NAV”) as at 31 December
2023 was £64.5 million or 46.59 pence per share (excluding treasury
shares). This represents a decrease of 0.88 pence per share (1.85%)
since 30 September 2023.
After accounting for the second dividend for the
year ending 31 March 2024 of 1.19 pence per share paid on 31
January 2024 to shareholders on the register on 5 January 2024, the
NAV is 45.40 pence per share.
Portfolio
The following investments have been made during the period from 1
October 2023 to 31 December 2023:
|
New investments |
£000s |
Activity |
|
OpenDialog AI |
642 |
AI powered chatbots and virtual assistants. |
|
Gridcog International |
544 |
Modelling software for Distributed Energy Resources
(DERs). |
|
Mondra Global |
182 |
Food supply chain emissions modelling. |
|
Total new investments |
1,368 |
|
|
Further investments |
£000s |
Activity |
|
Runa Network |
516 |
A cloud platform and infrastructure that enables corporates to
issue digital incentives and payouts. |
|
Healios |
280 |
Provider of an online platform delivering family centric
psychological care primarily to children and adolescents. |
|
Elliptic Enterprises |
242 |
Provider of Anti Money Laundering services to digital asset
institutions. |
|
Accelex Technology |
168 |
Provider of data extraction and analytics technology for
private capital markets. |
|
Total further investments |
1,206 |
|
Top ten holdings (as at 31 December
2023)
|
Investment |
Carrying value £000’s |
% of net asset value |
Activity |
|
Chonais River Hydro |
3,784 |
5.9% |
Owner and operator of a 2 MW hydro-power scheme in the Scottish
Highlands. |
|
Radnor House School (TopCo) |
2,749 |
4.3% |
Independent school for children aged 2-18. |
|
Gravitee TopCo (T/A Gravitee.io) |
2,579 |
4.0% |
API management platform. |
|
Seldon Technologies |
2,539 |
3.9% |
Software company that enables enterprises to deploy Machine
Learning models in production. |
|
Runa Network |
2,465 |
3.8% |
A cloud platform and infrastructure that enables corporates to
issue digital incentives and payouts. |
|
Cantab Research (T/A Speechmatics) |
2,454 |
3.8% |
Provider of low footprint automated speech recognition which
can be deployed in the cloud, on premise or on device. |
|
The Evewell Group |
2,391 |
3.7% |
Operator and developer of women’s health centres focusing on
fertility. |
|
Elliptic Enterprises |
2,159 |
3.3% |
Provider of Anti Money Laundering services to digital asset
institutions. |
|
Healios |
1,815 |
2.8% |
Provider of an online platform delivering family centric
psychological care primarily to children and adolescents. |
|
Gharagain River Hydro |
1,736 |
2.7% |
Owner and operator of a 1 MW hydro-power scheme in the Scottish
Highlands. |
A full breakdown of the Company’s portfolio can
be found on the Company’s webpage on the Manager’s website at
www.albion.capital/funds/AAVC.
Share buy-backs
During the period from 1 October 2023 to 31 December 2023, the
Company purchased 1,082,222 Ordinary shares at a cost of £491,000
including stamp duty. These 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% 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 received £2.0 million in proceeds
from the sale of G. Network Communications.
Further information
The Company continues to offer a dividend reinvestment scheme to
existing shareholders. Details of this Scheme can be found at
www.albion.capital/funds/AAVC.
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/AAVC.
Richard Glover, Chairman
27 February 2024
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Grafico Azioni Albion Venture Capital (LSE:AAVC)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Albion Venture Capital (LSE:AAVC)
Storico
Da Dic 2023 a Dic 2024
