Income & Growth VCT (The) PLC Interim Management Statement (1086N)
20 Settembre 2023 - 4:30PM
UK Regulatory
TIDMIGV
RNS Number : 1086N
Income & Growth VCT (The) PLC
20 September 2023
The Income & Growth VCT plc
("the Company")
LEI: 213800FPC15FNM74YD92
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 June 2023
The Income & Growth VCT plc presents an Interim Management
Statement for the quarter ended 30 June 2023. The statement also
includes relevant financial information between the end of the
period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
At 30 June 2023 At 31 March 2023
(unaudited) (unaudited)
Net assets attributable GBP120,329,226 GBP122,928,699
to shareholders
Shares in issue 155,576,127 154,857,033
Net asset value (NAV) per
share 77.34p 79.38p
Cumulative dividends paid 152.50p 148.50p
Cumulative Total return
(net asset value basis)
per share since inception 229.84p 227.88p
The NAV per share has decreased by 2.04 pence in the quarter (a
decrease of 2.6% upon the opening NAV per share). This decrease was
principally due to a dividend payment of 4.00 pence per share on 26
May 2023 (further details below), but this was partially offset by
a rise in the unrealised valuation of the portfolio. On a NAV total
return basis, after adding back the dividend of 4.00 pence per
share, there was an increase of 2.5%.
INVESTMENT ACTIVITY DURING THE PERIOD
New investments during the period
On 3 May 2023, a new equity investment of GBP0.63 million was
made into Dayrize B.V., a provider of a rapid sustainability impact
assessment tool.
DIVIDENDS PAID DURING THE PERIOD
On 26 May 2023, an interim dividend of 4.00 pence per ordinary
share in respect of the year ending 30 September 2023 was paid to
all Shareholders whose names were on the Register on 21 April
2023.
SHARE BUY-BACKS
On 27 June 2023 , the Company purchased 758,018 of its own
ordinary shares at a price of 71.61 pence per share.
All shares bought back by the Company were subsequently
cancelled.
INVESTMENT ACTIVITY AFTER THE PERIOD
New investments after the period end
On 26 July 2023, a new equity investment of GBP0.55 million was
made into Mable Therapy Limited, a digital health platform for
speech therapy and counselling for children and young adults.
On 3 August 2023, a new equity investment of GBP0.54 million was
made into Branchspace, a digital retailing consultancy and software
provider to the aviation and travel industry.
Follow-on investments after the period end
On 4 July 2023, a follow on equity investment of 0.45 million
was made into Legatics Holdings Limited, a SaaS LegalTech software
provider.
On 11 August 2023, a follow on loan investment of GBP0.17
million was made into Orri, an intensive day care provider for
adults with eating disorders.
Please note that all of the above information is unaudited.
Other than as described above, there were no material events
during the period and to the date of this announcement.
For further information, please contact :
Gresham House Asset Management Limited
Company Secretary
020 7382 0999
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END
MSCKZGZLFGNGFZM
(END) Dow Jones Newswires
September 20, 2023 10:30 ET (14:30 GMT)
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