Proven Growth & Inc. Proven Growth And Income Vct Plc: Interim Management Statement
22 Diciembre 2023 - 3:30AM
UK Regulatory
TIDMPGOO
ProVen Growth and Income VCT plc
Interim Management Statement
for the nine months ended 30 November 2023
ProVen Growth and Income VCT plc (the "Company") presents an
Interim Management Statement for the nine-month period ended 30
November 2023. The statement also includes relevant financial
information between the end of the period and the date of this
announcement.
Performance
Unaudited Unaudited Unaudited Audited
30 November 31 August 31 May 28 February
2023 2023 2023 2023
Pence Pence Pence Pence
Net Asset Value per share ("NAV") 54.0 51.4 53.0 54.2
Dividends paid to date since class launch (originally
as 'C' Shares)* 77.2 77.2 75.4 75.4
NAV plus dividends paid to date 131.2 128.6 128.4 129.6
* Dividends paid represents dividends paid in respect of the
Original 'C' Shares between their launch in 2006 up until their
conversion in 2009 and as Ordinary Shares since the 'C' Share
conversion. 'C' Shares were converted into Ordinary Shares on a one
for one basis in 2009.
Dividends paid or declared
On 7 November 2023, the Company announced an interim dividend
for the year ended 28 February 2024 of 1.25p per share. This
dividend was paid on 15 December 2023 to shareholders on the
register at 17 November 2023. The payment of this dividend will
reduce the NAV shown above of 54.0p at 30 November 2023 to 52.75p
per share.
Investment portfolio summary at 30 November 2023
Cost Valuation
GBP'000 GBP'000
--------------------------------------------- -------- ---------
Luxury Promise Limited 6,020 9,646
Picasso Labs, Inc. (t/a CreativeX) 4,546 8,884
Sannpa Limited (t/a Fnatic) 6,718 6,774
MPB Group Limited 1,194 5,396
Social Value Portal Ltd 2,542 4,896
Gorillini NV (t/a Gorilla) 1,949 4,787
Utilis Israel Ltd (t/a Asterra) 2,144 4,769
Papier Ltd 4,703 4,703
Infinity Reliance Limited (t/a My 1st Years) 2,769 4,701
DeepCrawl Holding Company, Inc. (t/a Lumar) 4,033 4,029
Been There Done That Global Limited 3,149 3,942
Dash Brands Ltd 3,282 3,920
Second Nature Healthy Habits Ltd 3,842 3,842
WS HoldCo, PBC. (t/a WiredScore) 3,494 3,426
Lupa Foods Limited 646 3,114
Arctic Shores Limited 2,909 2,928
Dealroom.co B.V. 2,012 2,815
Litchfield Media Limited 1,420 2,622
Litta App Limited 2,053 2,464
Yardlink Ltd 2,319 2,319
Other venture capital investments 51,731 26,541
--------------------------------------------- -------- ---------
Total venture capital investments 113,475 116,518
--------------------------------------------- -------- ---------
Cash at bank and in hand 46,654
--------------------------------------------- -------- ---------
Other net current assets 845
--------------------------------------------- -------- ---------
Net assets 164,017
--------------------------------------------- -------- ---------
Unquoted investments are valued at fair values established using
the International Private Equity and Venture Capital Valuation
Guidelines.
Investment activity during the three-month period ended 30
November 2023
Investment additions
GBP'000
MOTH Drinks Ltd 66
66
=======
There has been no investment activity in the period
from 1 December 2023 to the date of this announcement.
Ordinary
Shares
Changes to share capital of 1.6187p each
As at 1 September 2023 306,263,244
Shares bought back during the 3 months to 30 November
2023 (2,654,971)
Shares issued during the 3 months to 30 November 2023 -
As at 30 November 2023 303,608,273
================
In the period from 1 December 2023 to the date of this
announcement, 1,145,081 Ordinary Shares were issued under the
Company's Dividend Reinvestment Scheme ("DRIS") in relation to the
dividend paid on 15 December 2023.
Material events
Other than the matters described above, there were no material
events during the period from 1 September 2023 to 30 November 2023
or in the period from 1 December 2023 to the date of this
announcement.
Further information
Further information regarding the Company can be found on
Beringea's dedicated VCT website: www.proveninvestments.co.uk or by
contacting Beringea, the Investment Manager at
provenvcts@beringea.co.uk or by telephone 020 7845 7820.
Beringea LLP
Company Secretary
Telephone 020 7845 7820
-End
(END) Dow Jones Newswires
December 22, 2023 04:30 ET (09:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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